Huscoke Holdings Objection Application Accepted in Court

MT Newswires Live

Jun 08

Huscoke Holdings (HKG:0704) said a Chinese court accepted its objection to an enforcement action involving coke capacity quotas, according to a Monday filing with the Hong Kong bourse.

The company objected to an earlier enforcement ruling by the Jinan intermediate court to seize all coke production capacity quotas linked to certain coking furnaces owned by Shanxi Jinyan Energy Technology.

In its application, Huscoke said the ruling may impact two coking furnaces that were acquired from Energy Technology in 2023 and argued against their inclusion in the enforcement action.

The firm said it would closely monitor developments related to the filing.

Huscoke shares have remained suspended from trading since March 30.

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