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Ko Yo Chemical (Group) Limited ( (HK:0827) ) has provided an update.
Ko Yo Chemical (Group) Limited has provided an update on its going-concern status and related mitigation measures, highlighting ongoing efforts to manage its substantial bank debt through renewals, restructurings and repayments. The group has renewed or restructured about RMB394 million of bank loans, repaid roughly RMB51 million, secured RMB49 million in new borrowings, and is negotiating the renewal or restructuring of a further RMB231 million with the aim of extending repayment over three to five years. Operationally, the Dazhou plant completed shipment of its full 12,000-ton urea export quota in the fourth quarter, adding approximately RMB11.5 million in revenue, while the group has optimized its sales model by increasing the number of direct sales customers by 14 year-on-year. In addition, Ko Yo is continuing production optimization for its DMF and NMP projects at the Guang’an Ko Yo Electronic Materials Factory and is advancing the propylene oxide project at the Jiangsu Blue Planet factory into procedures handling and trial production preparation, signaling a push into higher-value chemical and electronic materials segments as part of its long-term stabilization and growth strategy.
The most recent analyst rating on (HK:0827) stock is a Hold with a HK$0.03 price target. To see the full list of analyst forecasts on Ko Yo Chemical (Group) Limited stock, see the HK:0827 Stock Forecast page.
More about Ko Yo Chemical (Group) Limited
Ko Yo Chemical (Group) Limited is a Cayman Islands-incorporated chemical producer listed in Hong Kong, with operations including urea production at its Dazhou plant and specialty chemical projects such as DMF, NMP and propylene oxide at facilities in Guang’an and Jiangsu, serving both domestic and export markets in China’s chemical and electronic materials sectors.
Average Trading Volume: 2,872,620
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$196.8M
See more insights into 0827 stock on TipRanks’ Stock Analysis page.