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Dongjiang Environmental Company ( (HK:0895) ) has provided an update.
Dongjiang Environmental Company Limited announced its obligation to fulfill a guarantee for its subsidiary, Tangshan Wandesi, due to the latter’s financial difficulties in repaying a loan to HSBC. The company will recognize the receivables from Tangshan Wandesi and plans to enhance the subsidiary’s operations to improve financial performance. Additionally, Dongjiang Environmental will enforce counter-security measures with other shareholders and may pursue legal action 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 environmental protection industry. The company primarily focuses on providing environmental protection technology services, with a market focus on hazardous waste management.
Technical Sentiment Signal: Buy
Current Market Cap: $551M
Learn more about 0895 stock on TipRanks’ Stock Analysis page.