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The latest update is out from Dongjiang Environmental Company ( (HK:0895) ).
Dongjiang Environmental Company Limited announced its continued fulfillment of guarantee obligations for its subsidiary, Mianyang Dongjiang Environmental Technology Co., Ltd., which is facing financial difficulties due to intense competition and declining treatment prices in the hazardous waste industry. The company has paid RMB18.498 million to the Postal Savings Bank on behalf of Mianyang Dongjiang and is taking steps to improve the subsidiary’s operations and recover the receivable amount, while also holding counter-guarantors accountable and considering legal actions to protect its interests.
More about Dongjiang Environmental Company
Dongjiang Environmental Company Limited is a joint stock limited company based in the People’s Republic of China, operating in the hazardous waste management industry. The company provides environmental services with a focus on waste collection, transportation, and treatment.
Average Trading Volume: 11,046,747
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.05B
For an in-depth examination of 0895 stock, go to TipRanks’ Overview page.