An update from Integrated Waste Solutions Group Holdings Limited ( (HK:0923) ) is now available.
Integrated Waste Solutions Group Holdings Limited has announced a potential substantial disposal involving the surrender of a lease for a waste recovery center in Tseung Kwan O Industrial Estate. This decision comes after the discontinuation of part of its recycling business, leading to under-utilization of the premises. The company has offered to surrender the lease at zero cost to the Hong Kong Science and Technology Parks Corporation, aiming to minimize financial and operational impacts in light of the current economic environment. This move could significantly affect the company’s operations and industry positioning, as it seeks shareholder approval to proceed.
More about Integrated Waste Solutions Group Holdings Limited
Integrated Waste Solutions Group Holdings Limited operates in the waste management industry, focusing on providing comprehensive waste recovery and recycling services. The company is involved in confidential material destruction services, logistics operations, and general office administrative purposes, with a market focus on recycling and waste management solutions.
YTD Price Performance: -25.00%
Average Trading Volume: 1,585,372
Technical Sentiment Signal: Hold
Current Market Cap: HK$72.35M
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