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New Universe Environmental Group Limited ( (HK:0436) ) has issued an announcement.
New Universe Environmental Group Limited is facing legal proceedings as a guarantor for a loan provided to its joint venture, Liuzhou Xinyu Rongkai, by the Bank of China Limited, Liuzhou Branch. The proceedings, which involve a claim for an outstanding loan amount and related costs, are not expected to have a material adverse effect on the company’s financial position. The company plans to seek legal advice and will keep stakeholders informed with further announcements.
More about New Universe Environmental Group Limited
New Universe Environmental Group Limited operates in the environmental industry, focusing on the integrated treatment and disposal of hazardous solid waste. The company is involved in joint ventures, such as Liuzhou Xinyu Rongkai Solid Waste Disposal Company Limited, to expand its market presence in China.
Average Trading Volume: 844,184
Technical Sentiment Signal: Buy
Current Market Cap: HK$209.5M
Learn more about 0436 stock on TipRanks’ Stock Analysis page.