Kaisun Holdings Announces Offshore Subsidiary Closures to Cut Costs

Reuters

Yesterday

Kaisun Holdings Announces Offshore Subsidiary Closures to Cut Costs

Kaisun Holdings Ltd. has announced a series of measures aimed at improving its financial condition and operational performance, following a disclaimer of opinion on going concern in its 2024 annual report. The company is taking steps to streamline its structure, including the closure or deregistration of certain offshore subsidiaries with no substantive operations to reduce financial burdens and save on administrative costs. Kaisun Holdings stated it will maintain its focus on the core coal business while continuing to control costs, with the Board expressing confidence that these actions will strengthen the group’s financial foundation and long-term prospects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kaisun Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260216-12026138), on February 16, 2026, and is solely responsible for the information contained therein.

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