Huscoke Settles Winding-Up Petition and Advances Coking Asset Expansion

Huscoke Holdings Limited ( (HK:0704) ) has provided an update.

Huscoke Holdings has moved to resolve a prior auditor’s disclaimer of opinion by settling a winding-up petition filed by China Cinda (Hong Kong) Asset Management. Under a series of new agreements, China Cinda has dismissed the petition, extended the group’s credit facility by two years, and reduced the interest rate from a compounded 12% to a simple 5%–8% annually, which is expected to materially improve the company’s financial position and alleviate its net current liabilities.

The company is also advancing plans to bring new coking assets into full operation through a framework cooperation agreement involving the lease of an entire coking plant and related production and financing arrangements. If a formal lease is executed, Huscoke intends to make a one‑off payment of RMB600 million for six years’ rent, with most of the funds earmarked for auxiliary facilities and the phase II project, aiming to complete critical infrastructure, unlock the operation of two coking furnaces, and capitalize on a cyclical recovery in the coking sector.

The most recent analyst rating on (HK:0704) stock is a Hold with a HK$0.13 price target. To see the full list of analyst forecasts on Huscoke Holdings Limited stock, see the HK:0704 Stock Forecast page.

More about Huscoke Holdings Limited

Huscoke Holdings Limited operates through subsidiaries in the coking industry, focusing on coke production and related energy assets in mainland China. The group is seeking to strengthen its position as a key coking enterprise by enhancing production capacity and supply capabilities through strategic cooperation and asset optimization.

Average Trading Volume: 2,216,424

Technical Sentiment Signal: Hold

Current Market Cap: HK$139.2M

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