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Hero Innovation Group Faces Cease Trade Order Amid Financial Filing Delays

Story Highlights
  • Hero Innovation Group faces a trade suspension for missing its financial filing deadline.
  • The company seeks financing to resolve financial issues and meet the new filing deadline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Euro Asia Pay Holdings ( (TSE:HRO) ) has provided an update.

Hero Innovation Group Inc. announced a cease trade order due to its inability to file its annual financial statements by the January 31, 2025 deadline, resulting in a suspension by the British Columbia Securities Commission. The delay is attributed to financial difficulties and the need for more time to complete the audit, with plans for securing financing and filing by March 31, 2025. During this suspension, the company is restricted from issuing or acquiring securities from insiders, and it announced a change in its board of directors with the resignation of Ze Xin Chen and the appointment of Morris Chen.

More about Euro Asia Pay Holdings

Hero Innovation Group Inc., formerly Euro Asia Pay Holdings Inc., is a developer of innovative financial solutions aimed at the next generation of consumers. The company’s flagship product, SideKick™ introduced in 2018, targets unmet market needs within specific demographics, such as international students in Canada.

YTD Price Performance: -70.0%

Average Trading Volume: 10,858

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$2.21M

For a thorough assessment of HRO stock, go to TipRanks’ Stock Analysis page.

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