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Strong Petrochemical Holdings Limited ( (HK:0852) ) has provided an update.
Strong Petrochemical Holdings Limited has provided an update on its efforts to resume trading on the Hong Kong Stock Exchange after a suspension due to various allegations and financial issues. The company has conducted an independent forensic investigation into these matters, including allegations against former management and unpaid trade debts. The investigation, led by an independent board committee and a Big 4 accounting firm, found no material impact on the company’s business and financial position. The company is working to satisfy the Stock Exchange’s requirements to resume trading.
More about Strong Petrochemical Holdings Limited
Strong Petrochemical Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the petrochemical industry. The company, along with its subsidiaries, focuses on the production and distribution of petrochemical products.
Technical Sentiment Signal: Sell
Current Market Cap: HK$352.5M
For a thorough assessment of 0852 stock, go to TipRanks’ Stock Analysis page.