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Strong Petrochemical Delays Dividend Payment Amid Trading Suspension

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Strong Petrochemical Delays Dividend Payment Amid Trading Suspension

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The latest update is out from Strong Petrochemical Holdings Limited ( (HK:0852) ).

Strong Petrochemical Holdings Limited has announced a further delay in the payment of its 2024 interim dividend due to ongoing inquiries and comments from The Stock Exchange regarding an investigation report. The company is assessing the financial impact of certain matters and plans to postpone the dividend payment to around June 2026. Additionally, trading of the company’s shares remains suspended since December 2024, with efforts underway to comply with resumption guidance and resume trading as soon as possible.

More about Strong Petrochemical Holdings Limited

Strong Petrochemical Holdings Limited is a company incorporated in the Cayman Islands, operating in the petrochemical industry. It focuses on the production and distribution of petrochemical products, serving various market segments.

Technical Sentiment Signal: Sell

Current Market Cap: HK$352.5M

Learn more about 0852 stock on TipRanks’ Stock Analysis page.

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