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Zhengzhou Coal Mining Machinery Group Addresses Compliance Oversight with Remedial Measures

Story Highlights
  • Zhengzhou Coal Mining Machinery Group operates in the coal mining machinery industry.
  • The company is implementing measures to ensure compliance with Listing Rules after a disclosure oversight.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zhengzhou Coal Mining Machinery Group Addresses Compliance Oversight with Remedial Measures

Confident Investing Starts Here:

An update from Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H ( (HK:0564) ) is now available.

Zhengzhou Coal Mining Machinery Group Co., Ltd. announced additional information regarding previous continuing connected transactions with Ansteel Group, which were not disclosed in a timely manner as per the Listing Rules. The company is implementing remedial measures, including enhanced staff training, internal guidelines, and collaboration with external advisers, to ensure compliance with the Listing Rules and prevent future non-compliance. These steps are deemed adequate by the Board to address internal control deficiencies and safeguard stakeholder interests.

More about Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H

Zhengzhou Coal Mining Machinery Group Co., Ltd. is a company based in China, primarily engaged in the manufacturing and sale of coal mining machinery and equipment. The company operates in the coal mining industry, focusing on providing machinery and services to enhance coal extraction and processing efficiency.

Average Trading Volume: 3,149,712

Technical Sentiment Signal: Buy

Current Market Cap: HK$30.54B

For detailed information about 0564 stock, go to TipRanks’ Stock Analysis page.

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