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Huscoke Holdings Limited Negotiates Settlement and Secures Financing for Coking Assets

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Huscoke Holdings Limited Negotiates Settlement and Secures Financing for Coking Assets

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Huscoke Holdings Limited ( (HK:0704) ) just unveiled an announcement.

Huscoke Holdings Limited is addressing a disclaimer of opinion issued by its auditor by negotiating a settlement to dismiss a winding-up petition filed by China Cinda (Hong Kong) Asset Management Company Limited. The company has reached a consensus on a settlement agreement, pending formal signing after adjustments to preference shares. Additionally, Huscoke is working with Energy Technology to secure financing for its coking furnaces assets, with progress being made towards a financing plan with an investment bank.

More about Huscoke Holdings Limited

Huscoke Holdings Limited operates in the energy sector, focusing on the production and management of coking furnaces and related energy technologies. The company is actively involved in negotiations and financing to enhance its operational capabilities and address financial challenges.

Average Trading Volume: 54,331

Technical Sentiment Signal: Sell

Current Market Cap: HK$70.03M

For detailed information about 0704 stock, go to TipRanks’ Stock Analysis page.

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