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Hidili Industry International Development Limited ( (HK:1393) ) just unveiled an update.
Hidili Industry International Development Limited announced updates on its action plans to resolve a Disclaimer of Opinion issued by its auditors due to going concern issues. The company has been negotiating with financial institutions to restructure its debts, aiming to extend repayment terms and waive outstanding interests. Additionally, Hidili has improved its production efficiency through mechanized mining, resulting in significant increases in coal production and reduced production costs. The company is also exploring asset disposals to generate cash inflows and continues to implement cost-cutting measures to improve its financial position.
More about Hidili Industry International Development Limited
Hidili Industry International Development Limited is a company incorporated in the Cayman Islands, primarily engaged in the coal industry. It focuses on the production of raw coal and clean coal, with a significant market presence in China.
Average Trading Volume: 2,048,491
Technical Sentiment Signal: Sell
Current Market Cap: HK$336.2M
See more data about 1393 stock on TipRanks’ Stock Analysis page.