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The latest announcement is out from Shunfeng International Clean Energy ( (HK:1165) ).
Shunfeng International Clean Energy Limited has provided an update on its action plans to resolve a disclaimer of opinion issued by its auditor concerning the company’s financial statements for the year ended December 31, 2024. The update details the status of proceeds collection from various disposals made in 2019, 2020, and 2021, which have been delayed due to compliance and legal issues. The company expects to receive the remaining proceeds from these disposals between December 2025 and June 2026, which is crucial for addressing the uncertainties regarding its going concern status.
More about Shunfeng International Clean Energy
Shunfeng International Clean Energy Limited is a company incorporated in the Cayman Islands, primarily involved in the clean energy sector. The company, along with its subsidiaries, focuses on renewable energy solutions and operates within the framework of the Hong Kong Stock Exchange regulations.
YTD Price Performance: -7.69%
Average Trading Volume: 11,965,193
Technical Sentiment Signal: Buy
Current Market Cap: HK$127.1M
Learn more about 1165 stock on TipRanks’ Stock Analysis page.