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Shandong Molong Petroleum Machinery ( (HK:0568) ) has provided an announcement.
Shandong Molong Petroleum Machinery Company Limited has applied to the Shenzhen Stock Exchange for the cancellation of risk warnings on its A shares, following an audit by Grant Thornton which issued a standard unqualified audit report for 2024. The company has made significant efforts to improve its financial standing, including divesting subsidiaries and addressing business disputes, which has led to the elimination of uncertainties regarding its ability to continue as a going concern. The company’s shares will continue to trade normally during the review process, and investors are advised to remain aware of investment risks.
More about Shandong Molong Petroleum Machinery
Shandong Molong Petroleum Machinery Company Limited operates in the petroleum machinery industry, focusing on the production and supply of equipment and machinery for oil extraction and processing. The company is based in China and is listed on the Shenzhen Stock Exchange.
YTD Price Performance: -11.33%
Average Trading Volume: 6,266
Technical Sentiment Signal: Buy
Current Market Cap: $281.3M
Find detailed analytics on 0568 stock on TipRanks’ Stock Analysis page.
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