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Dongjiang Environmental Continues to Support Subsidiary Amid Market Challenges

Story Highlights
  • Dongjiang Environmental operates in hazardous waste management, providing waste collection and treatment services.
  • The company is fulfilling guarantee obligations for its subsidiary due to loan repayment issues.
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Dongjiang Environmental Continues to Support Subsidiary Amid Market Challenges

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Dongjiang Environmental Company ( (HK:0895) ) has shared an update.

Dongjiang Environmental Company Limited has announced its continued fulfillment of guarantee obligations for its subsidiary, Mianyang Dongjiang Environmental Technology Co., Ltd., due to the latter’s inability to meet loan repayment commitments amidst challenging market conditions. The company is taking steps to improve Mianyang Dongjiang’s operational efficiency and has issued demands to counter-guarantors to assume their responsibilities, while reserving the right to pursue legal actions to protect its interests.

More about Dongjiang Environmental Company

Dongjiang Environmental Company Limited is a joint stock limited company incorporated in the People’s Republic of China, operating in the hazardous waste management industry. The company provides services related to waste collection, transportation, and treatment, focusing on environmental technology solutions.

Average Trading Volume: 12,912,255

Technical Sentiment Signal: Buy

Current Market Cap: HK$4.7B

Learn more about 0895 stock on TipRanks’ Stock Analysis page.

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