EcoGreen International Group Ltd
ECOCF
Other OTC0.18
USD
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EcoGreen International Group Ltd
ECOCF
(Other OTC)
Recent
price
0.18
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.- Similar Companies
- Business
- EcoGreen International Group Ltd (ECOCF) is an investment holding company principally engaged in the production and trading of fine chemicals derived from natural resources for use in aroma chemicals and pharmaceutical products. The company operates through three main segments: Scent and Taste, offering components of flavors and fragrances for food and beverage, tobacco, pharmaceuticals, and hygienic products; Naturals, providing botanic essential oils, herbal extracts, components for Chinese medicine and functional food products, and natural food ingredients; and Specialties and Others, manufacturing and selling chiral fine chemicals, pharmaceutical intermediates, agrochemicals, food additives, seasonings, and forestry products. It conducts operations in Mainland China, Europe, Asia (excluding Mainland China), and North America, with headquarters in Wanchai, Hong Kong, where it was founded in 1994 and listed on the Hong Kong Stock Exchange in 2004 as EcoGreen Fine Chemicals Group Ltd before renaming in 2015. In recent developments, the company faced significant challenges starting in March 2022 with delays in releasing its 2021 annual report due to discrepancies in bank confirmations, where audited balances showed RMB160k against reported RMB1.58bn, leading to a trading halt in April 2022. Subsequent events included resignations of independent directors, the CFO, and auditor PricewaterhouseCoopers in 2022-2023 amid allegations of non-cooperation and an internal probe attributing issues to a ransomware cyber-attack that encrypted financial records; the company appointed Baker Tilly as new auditor and reconstructed accounts showing major variances from prior unaudited results. The Hong Kong Stock Exchange rejected trading resumption extensions in November 2023, upheld delisting in March 2024 despite legal challenges, and the High Court ordered winding-up proceedings with a provisional liquidator appointment in June 2024.