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The latest update is out from Yanchang Petroleum International Limited ( (HK:0346) ).
Yanchang Petroleum International Limited announced the bankruptcy of its 51% indirectly owned PRC subsidiary, Yanchang Petroleum (Zhejiang FTZ) Limited, following the termination of its reorganization proceedings. The bankruptcy, however, is not expected to significantly impact the company’s current operations, performance, or financial position, as the subsidiary had already been deconsolidated from the group’s financial statements.
More about Yanchang Petroleum International Limited
Yanchang Petroleum International Limited is a company incorporated in Bermuda, primarily engaged in the petroleum industry. The company, along with its subsidiaries, focuses on oil exploration, production, and trading activities, with a market presence in Hong Kong.
Average Trading Volume: 2,085,956
Technical Sentiment Signal: Hold
Current Market Cap: HK$423.5M
See more insights into 0346 stock on TipRanks’ Stock Analysis page.