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Strong Petrochemical Holdings Limited ( (HK:0852) ) has issued an update.
Strong Petrochemical Holdings Limited has announced a further delay in the payment of its 2024 interim dividend and the continued suspension of trading of its shares. The company is actively working to resume trading by addressing issues related to its management and operations. An ongoing investigation into various incidents involving the company’s directors and former management is being conducted by an independent board committee with the help of a forensic auditor. Additionally, an internal control review is underway to assess and improve the company’s internal policies and systems. The completion of these investigations and reviews is expected by mid-2025, which will inform the company’s remedial action plan.
More about Strong Petrochemical Holdings Limited
Strong Petrochemical Holdings Limited operates in the petrochemical industry, focusing on the production and distribution of petrochemical products. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Technical Sentiment Signal: Sell
Current Market Cap: HK$352.5M
For a thorough assessment of 0852 stock, go to TipRanks’ Stock Analysis page.