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An update from DeTai New Energy Group ( (HK:0559) ) is now available.
DeTai New Energy Group Limited faces a potential suspension of its stock trading on the Hong Kong Stock Exchange due to insufficient operations and asset value. The Stock Exchange expressed concerns over the company’s viability, citing low revenue and losses in its hotel business, and questioned the feasibility of its renovation plans and future projections. The company’s other ventures, including money lending and securities investments, are also deemed unsustainable.
More about DeTai New Energy Group
DeTai New Energy Group Limited operates primarily in the hotel hospitality industry, having shifted focus from electric bicycles and new energy businesses. The company’s main revenue-generating segment is its hotel hospitality business, particularly a ski resort in Hokkaido, Japan.
Average Trading Volume: 138,611
Technical Sentiment Signal: Sell
Current Market Cap: HK$91.56M
For an in-depth examination of 0559 stock, go to TipRanks’ Overview page.