Dongjiang Environmental Company (HK:0895) has released an update.
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Dongjiang Environmental Company Limited is stepping in to fulfill its guarantee obligations by covering an outstanding loan amount of RMB 19.0759 million for its subsidiary, Mianyang Dongjiang, which has faced liquidity challenges due to increased competition and falling prices in the hazardous waste industry. The company plans to encourage Mianyang Dongjiang to enhance its market operations and repay the loan as soon as possible, while also holding other guarantors accountable as per the counter-guarantee agreement. Shareholders and potential investors are advised to trade cautiously with the company’s shares in the volatile market.
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