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An update from Yuan Heng Gas Holdings Ltd ( (HK:0332) ) is now available.
Yuan Heng Gas Holdings Ltd has received a disclaimer of opinion from its auditors regarding the consolidated financial statements for the year ended March 31, 2024, due to multiple uncertainties related to going concern. The company is actively implementing measures to address these uncertainties, including negotiating with creditors, securing financing, managing litigations, and improving cash flow through operational adjustments. Additionally, the company is seeking strategic investors and has applied to the High Court of Hong Kong to convene a creditors’ meeting to consider a scheme of arrangement.
More about Yuan Heng Gas Holdings Ltd
Yuan Heng Gas Holdings Ltd is a company operating in the energy sector, primarily focusing on the production and trading of liquefied natural gas (LNG). The company is involved in enhancing its operational efficiencies and exploring strategic investments to sustain its market position.
Average Trading Volume: 5,027,542
Technical Sentiment Signal: Sell
Current Market Cap: HK$150.5M
Learn more about 0332 stock on TipRanks’ Stock Analysis page.