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Huscoke Holdings Limited ( (HK:0704) ) just unveiled an announcement.
Huscoke Holdings Limited announced significant developments in addressing a winding-up petition filed by China Cinda (Hong Kong) Asset Management Company Limited. The company is negotiating a settlement agreement, contingent on adjustments by its controlling shareholder, Whole Advance Limited. Additionally, Huscoke has entered into a strategic cooperation agreement with Shanxi Jinyan Energy Technology and Shanxi Jinyan Rich Hydrogen New Materials to lease a coking plant and enhance its production capabilities. This move is expected to capitalize on economic recovery opportunities in the coking industry, improve production and supply capabilities, and allow entry into new markets, benefiting shareholders.
More about Huscoke Holdings Limited
Huscoke Holdings Limited operates in the energy sector, focusing on coking and related energy products. The company is involved in the production and supply of coke, a key component in steel manufacturing, and is expanding its operations into the downstream fine chemicals and clean energy sectors.
Average Trading Volume: 95,076
Technical Sentiment Signal: Hold
Current Market Cap: HK$100.3M
For an in-depth examination of 0704 stock, go to TipRanks’ Overview page.