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Chiho Environmental Group Limited ( (HK:0976) ) has provided an announcement.
Chiho Environmental Group Limited has announced further delays in the publication of its 2024 annual results and the dispatch of its annual report due to ongoing issues identified by its auditor. These issues include discrepancies in shareholder confirmations, irregularities in certain subsidiaries, and concerns over an outstanding syndicated loan balance. The company is working closely with its auditor to resolve these issues, but the delays have resulted in non-compliance with Hong Kong Stock Exchange listing rules, impacting the company’s operations and potentially affecting stakeholder confidence.
More about Chiho Environmental Group Limited
Chiho Environmental Group Limited operates in the environmental services industry, focusing on recycling and waste management solutions. The company is involved in the deconsolidation of certain non-wholly owned subsidiaries and is undergoing an independent investigation related to irregularities within these subsidiaries.
YTD Price Performance: -10.42%
Average Trading Volume: 838,774
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$690.2M
For an in-depth examination of 0976 stock, go to TipRanks’ Stock Analysis page.