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New Times Energy Announces Further Delay in Circular Dispatch

Story Highlights
  • New Times Energy delays dispatch of circular related to subsidiary share disposal.
  • Company seeks waiver for more time to prepare financial information, impacting stakeholder expectations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
New Times Energy Announces Further Delay in Circular Dispatch

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New Times Energy Corporation Limited ( (HK:0166) ) just unveiled an announcement.

New Times Energy Corporation Limited, listed on the Hong Kong Stock Exchange, has announced a further delay in the dispatch of its circular related to the disposal of shares of a subsidiary. The company has applied for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules to extend the time required for preparing necessary financial information, including statements of indebtedness and sufficiency of working capital. This delay could impact stakeholders’ expectations regarding the company’s financial disclosures and operational timelines.

More about New Times Energy Corporation Limited

Average Trading Volume: 3,272,312

Technical Sentiment Signal: Sell

Current Market Cap: HK$454.6M

See more insights into 0166 stock on TipRanks’ Stock Analysis page.

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