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The latest announcement is out from Huscoke Holdings Limited ( (HK:0704) ).
Huscoke Holdings Limited has been informed by the Listing Committee of the Stock Exchange of Hong Kong that it has failed to maintain sufficient operations and asset value as required by listing rules, resulting in the decision to suspend trading of its shares. The company’s core Coke Production Business has been suspended, and its attempts to resume operations have been hindered by funding issues and an inability to implement business plans, raising concerns about the viability and sustainability of its operations.
More about Huscoke Holdings Limited
Huscoke Holdings Limited operates within the energy sector, focusing primarily on coke production and trading. The company’s operations have been centered around its Coke Production Business, which has faced significant challenges, leading to a suspension since October 2021.
Average Trading Volume: 5,206,049
Technical Sentiment Signal: Sell
Current Market Cap: HK$121.9M
For a thorough assessment of 0704 stock, go to TipRanks’ Stock Analysis page.