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Huscoke Holdings Limited ( (HK:0704) ) has issued an update.
Huscoke Holdings Limited is addressing a disclaimer of opinion from its former auditor by negotiating a settlement for a winding-up petition and enhancing its operational assets to generate cash flow. The company has entered a strategic framework agreement with Shanxi Jinyan Energy Technology and Shanxi Jinyan Rich Hydrogen New Materials to lease a coking plant and collaborate on production management and financing. This agreement is expected to improve Huscoke’s production capacity, cash flow, and profitability, positioning it as a key player in the coking industry and enabling entry into new markets.
More about Huscoke Holdings Limited
Huscoke Holdings Limited operates in the energy sector, focusing on coking and related energy production. The company is involved in strategic cooperation agreements to enhance its production and supply capabilities in the coking industry, aiming to expand into downstream fine chemicals and clean energy sectors.
Average Trading Volume: 5,532,487
Technical Sentiment Signal: Buy
Current Market Cap: HK$159.9M
See more insights into 0704 stock on TipRanks’ Stock Analysis page.