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DeTai New Energy Group ( (HK:0559) ) has provided an update.
DeTai New Energy Group Limited has lodged a written request with the Listing Review Committee of the Hong Kong Stock Exchange seeking a further review of an earlier decision by the Listing Committee concerning the company’s listing status. While the review is pending, trading in the company’s shares will continue, but the company cautions shareholders and potential investors that the outcome is uncertain and that, if the earlier decision is upheld, trading in its shares may be suspended under the relevant Listing Rules. The board has pledged to issue further announcements on any material developments and has urged investors to exercise caution and seek professional advice regarding the potential implications for their holdings.
The most recent analyst rating on (HK:0559) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on DeTai New Energy Group stock, see the HK:0559 Stock Forecast page.
More about DeTai New Energy Group
DeTai New Energy Group Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange, operating through subsidiaries under the umbrella of a new energy-focused group. Its shares are traded on the Main Board under stock code 559, with a governance structure comprising an executive chairman, a non-executive director and several independent non-executive directors overseeing the Group’s activities and compliance as a listed entity.
Average Trading Volume: 585,634
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$52.32M
For a thorough assessment of 0559 stock, go to TipRanks’ Stock Analysis page.