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An update from Strong Petrochemical Holdings Limited ( (HK:0852) ) is now available.
Strong Petrochemical Holdings Limited is dealing with a Statutory Demand from the liquidator of its former subsidiary, Santron Holdings Limited, for unpaid trade debts of approximately US$83 million related to crude oil supplied by a former subsidiary to Shandong Shengxing Chemical Co., Ltd. Additionally, the company has terminated the employment of its Co-Chief Executive Officer, Dr. Tan Xiao, but anticipates no adverse impact on its operations. The company is conducting internal investigations and will continue to update stakeholders as necessary.
More about Strong Petrochemical Holdings Limited
Strong Petrochemical Holdings Limited operates in the petrochemical industry, focusing primarily on the trading and supply of crude oil.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €43.13M
For an in-depth examination of 0852 stock, go to TipRanks’ Stock Analysis page.