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Feishang Anthracite Resources ( (HK:1738) ) has shared an announcement.
Feishang Anthracite Resources Limited has announced a series of strategic actions to address a disclaimer of opinion from its auditors regarding the company’s financial statements for 2024. These actions include exploring capital raising opportunities, considering divestiture plans to lower debt, negotiating with lenders, and settling litigations. The company has resumed production at its coal mines, with a notable increase in output, and is implementing stringent coal quality management and cost control measures to improve operational efficiency.
More about Feishang Anthracite Resources
Feishang Anthracite Resources Limited is a company incorporated in the British Virgin Islands, primarily engaged in the coal mining industry. The company’s main focus is on the production and sale of anthracite coal, with operations centered around its coal mines.
YTD Price Performance: -7.41%
Average Trading Volume: 89,444
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$138.1M
Learn more about 1738 stock on TipRanks’ Stock Analysis page.