Shandong Molong Cancels Risk Warnings and Adjusts Trading Parameters

Shandong Molong Petroleum Machinery ( (HK:0568) ) has shared an update.

Shandong Molong Petroleum Machinery announced the cancellation of risk warnings on its A shares, effective from May 6, 2025, following a one-day suspension of trading on April 30, 2025. The company’s stock abbreviation will change from ‘ST Molong’ to ‘Shandong Molong’, and the daily limit on stock price fluctuations will increase from 5% to 10%. This move follows the company’s improved financial position, as confirmed by an audit report indicating the elimination of uncertainties regarding its ability to continue as a going concern.

More about Shandong Molong Petroleum Machinery

Shandong Molong Petroleum Machinery Company Limited is a Sino-foreign joint stock company incorporated in the People’s Republic of China, primarily engaged in the petroleum machinery industry. The company focuses on the production and distribution of machinery and equipment used in the petroleum sector.

YTD Price Performance: -11.33%

Average Trading Volume: 6,266

Technical Sentiment Signal: Buy

Current Market Cap: $345.1M

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