Huscoke Told It Lacks Viable Business as Hong Kong Listing Review Upholds Delisting Decision
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Huscoke Holdings Limited has been informed by the Hong Kong Stock Exchange's Listing Review Committee that it does not meet the requirements for maintaining a viable business, leading to a upheld delisting decision. The committee cited minimal revenue, thin profit margins, and a lack of concrete plans for restarting production as key reasons. Huscoke's reliance on an unresolved legal claim and limited cash further contributed to the decision. The company's stock is currently rated as a Hold with a price target of HK$0.13.
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