The latest update is out from Hop Fung Group Holdings Limited ( (HK:2320) ).
Hop Fung Group Holdings Limited has announced updates regarding tax issues faced by its subsidiary, Green Forest Paper. The Guangzhou Railway Transportation Intermediate Court has issued a Second Trial Judgement, revoking a previous administrative judgement and dismissing proceedings taken by Green Forest Paper. The company is currently seeking legal advice in China to determine possible actions in response to this judgement. Stakeholders are advised to exercise caution when dealing with the company’s shares.
More about Hop Fung Group Holdings Limited
Hop Fung Group Holdings Limited operates in the paper manufacturing industry, focusing on the production and distribution of paper products. The company is known for its subsidiary, Green Forest Paper, which is involved in various aspects of paper production and supply.
YTD Price Performance: 8.75%
Average Trading Volume: 113,866
Technical Sentiment Signal: Hold
Current Market Cap: HK$71.14M
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