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Strong Petrochemical Faces Statutory Demand for $83 Million Debt

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Strong Petrochemical Faces Statutory Demand for $83 Million Debt

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Strong Petrochemical Holdings Limited ( (HK:0852) ) has shared an update.

Strong Petrochemical Holdings Limited received a statutory demand from Santron Holdings Limited, demanding a payment of US$83 million plus interest for unpaid trade debts. The company is seeking legal advice and planning measures to protect shareholder interests, indicating potential financial and operational challenges.

More about Strong Petrochemical Holdings Limited

Strong Petrochemical Holdings Limited is a company incorporated in the Cayman Islands with a focus on the petrochemical industry. It operates through its subsidiaries, providing petrochemical products and services, with a significant market presence.

YTD Price Performance: 0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €44.17M

Learn more about 0852 stock on TipRanks’ Stock Analysis page.

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