Mayer Holdings Ltd. (HK:1116) has released an update.
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Mayer Holdings Ltd., an investment holding company with subsidiaries in the steel industry and urban renewal consulting, has been operating normally despite the ongoing suspension of trading in its shares. The company is developing new applications in nano phase change energy storage materials for the agricultural industry in the PRC to diversify its business. Mayer Holdings is actively working on resolving the issues that led to the trading suspension and is cooperating with various advisers to ensure compliance with regulatory requirements and to improve internal controls.
For further insights into HK:1116 stock, check out TipRanks’ Stock Analysis page.