The latest announcement is out from Dongjiang Environmental Company ( (HK:0895) ).
Dongjiang Environmental Company Limited announced its ongoing financial support for its subsidiary, Mianyang Dongjiang Environmental Technology Co., Ltd., which is struggling due to intense competition and liquidity issues in the hazardous waste industry. The company has fulfilled its guarantee obligations by covering Mianyang Dongjiang’s outstanding loans and is taking steps to improve its subsidiary’s operational performance and recover the receivables. Additionally, Dongjiang Environmental is pursuing counter-guarantors for compensation and may consider legal action to protect its interests.
More about Dongjiang Environmental Company
Dongjiang Environmental Company Limited is a joint stock limited company incorporated in the People’s Republic of China, operating in the hazardous waste industry. The company focuses on waste collection, transportation, and treatment services.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $572.3M
For an in-depth examination of 0895 stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com