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Huscoke Holdings Limited ( (HK:0704) ) has provided an update.
Huscoke Holdings Limited has been informed by the Hong Kong Stock Exchange that it has failed to maintain the necessary level of operations and asset value required for continued listing, leading to a suspension of its shares. This decision reflects the company’s declining financial performance, with significant drops in revenue and profitability over recent years, impacting its market position and raising concerns for stakeholders.
More about Huscoke Holdings Limited
Huscoke Holdings Limited, listed on the Main Board since 1991, is primarily engaged in the coke production business, washing raw coal into refined coal, and coke trading in the People’s Republic of China. The company also deals in the sale of electricity and heat as part of its coal-related ancillary business. Mr. Zhao Xu Guang has been the controlling shareholder, executive director, and chairman since 2016, holding a 50.57% equity interest.
Average Trading Volume: 288,871
Technical Sentiment Signal: Buy
Current Market Cap: HK$137.5M
For detailed information about 0704 stock, go to TipRanks’ Stock Analysis page.