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Chiho Environmental Group Limited ( (HK:0976) ) has issued an update.
Chiho Environmental Group Limited has announced the appointment of receivers over shares of certain wholly-owned subsidiaries due to a default on a syndicated loan agreement. The company is challenging the validity of this appointment, citing it as defective, and is seeking legal advice to protect its interests. Trading of the company’s shares has been suspended, and the company is assessing the potential impacts on its operations and stakeholders.
More about Chiho Environmental Group Limited
Chiho Environmental Group Limited is a company incorporated in the Cayman Islands, operating in the environmental sector. It focuses on renewable development and resource management, with subsidiaries such as Chiho Renewable Development Limited, Chiho Renewable International Holding Limited, and Chiho-Tiande Resources Limited.
Average Trading Volume: 873,155
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$690.2M
See more insights into 0976 stock on TipRanks’ Stock Analysis page.