Mayer Holdings Ltd. ( (HK:1116) ) has provided an update.
Mayer Holdings Ltd. has announced a quarterly update and the continued suspension of trading of its shares on the Hong Kong Stock Exchange. The company is addressing issues related to the suspension by changing the composition of its Board and Audit Committee, announcing key findings from investigations, and implementing remedial measures. Despite the trading suspension, the company’s steel-related business continues to operate normally, and it is expanding its business portfolio with new technological developments.
More about Mayer Holdings Ltd.
Mayer Holdings Ltd. is primarily engaged in investment holding, with its subsidiaries focusing on the steel-related business. The company has also been developing applications of nano phase change energy storage materials with environmental technologies in the agricultural industry in the PRC to enhance its business portfolio.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.83B
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