China High Speed Transmission Equipment Group Co (HK:0658) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China High Speed Transmission Equipment Group Co. is grappling with a financial dispute involving RMB 6.64 billion in receivables and pre-payments, as some counterparties have challenged the payments due under recent agreements. The situation has prompted the formation of an independent committee to investigate, as the board seeks to protect shareholder interests. Investors are urged to exercise caution while the company resolves the matter.
For further insights into HK:0658 stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Insider Trade: Bob Iger Sells Walt Disney Shares Worth Over $42M
- Shareholder Alert for Hasbro, Inc. (NASDAQ:HAS)
- Upcoming Stock Splits This Week (November 25 to November 29) – Stay Invested
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
