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Dongjiang Environmental Company ( (HK:0895) ) just unveiled an announcement.
Dongjiang Environmental Company Limited announced that RMB96.32 million of funds previously frozen in its designated fundraising account, related to litigation and pre-litigation asset preservation measures initiated by Jiangxi Environmental Protection, has now been fully released. The frozen amount represented about 8.06% of the company’s 2023 A-share private placement proceeds, and the company stated that the temporary freeze did not materially affect its investment projects funded by the raise or its normal production and operations, with no other designated fundraising accounts currently subject to freezing, easing concerns over liquidity and project execution risk for stakeholders.
The most recent analyst rating on (HK:0895) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Dongjiang Environmental Company stock, see the HK:0895 Stock Forecast page.
More about Dongjiang Environmental Company
Dongjiang Environmental Company Limited is an environmental protection company incorporated in the People’s Republic of China and listed in Hong Kong. The group operates in the environmental services sector, focusing on pollution control, waste treatment and related environmental protection solutions across mainland China, serving industrial and municipal clients under tightening environmental regulations.
Average Trading Volume: 3,551,020
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.04B
For an in-depth examination of 0895 stock, go to TipRanks’ Overview page.