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Hop Fung Group Holdings Limited ( (HK:2320) ) has shared an announcement.
Hop Fung Group Holdings Limited has provided updates regarding tax issues faced by its subsidiary, Green Forest Paper. The Guangdong High Court rejected Green Forest Paper’s application for a retrial concerning VAT invoices from suppliers, and the case has been escalated to the People’s Procuratorate of Qingyuan for administrative supervision. No decision has been made yet on the tax penalty by the Guangzhou Railway Transportation Intermediate Court, and stakeholders are advised to exercise caution when dealing with the company’s shares.
More about Hop Fung Group Holdings Limited
Hop Fung Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the paper industry. The Group focuses on producing and distributing paper products, with a particular emphasis on the Asian market.
YTD Price Performance: 6.25%
Average Trading Volume: 39,118
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$69.5M
For detailed information about 2320 stock, go to TipRanks’ Stock Analysis page.