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The latest announcement is out from Strong Petrochemical Holdings Limited ( (HK:0852) ).
Strong Petrochemical Holdings Limited has initiated legal proceedings against two former directors, Mr. Yao Guoliang and Mr. Tan Xiao, for alleged breaches of fiduciary duties related to a crude oil transaction that resulted in a loss of approximately RMB37 million. The company seeks to invalidate related resolutions and claims damages, while trading in its shares remains suspended since December 2024.
More about Strong Petrochemical Holdings Limited
Strong Petrochemical Holdings Limited is a company incorporated in the Cayman Islands, operating in the petrochemical industry with a focus on crude oil transactions.
Technical Sentiment Signal: Sell
Current Market Cap: HK$352.5M
For detailed information about 0852 stock, go to TipRanks’ Stock Analysis page.