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Kingkey Intelligence Culture Holdings Limited ( (HK:0550) ) has shared an announcement.
Allegro Culture Limited has provided an update on its efforts to resume trading on the Hong Kong Stock Exchange. The company is in the final stages of a forensic investigation and internal control review, which are crucial for addressing audit issues and fulfilling resumption conditions. Despite these challenges, Allegro’s advertising business continues to operate normally, and the company is preparing for a proposed transaction with Kingkey Group Holdings Limited to enhance its advertising services in the PRC.
More about Kingkey Intelligence Culture Holdings Limited
Allegro Culture Limited, incorporated in the Cayman Islands and continued in Bermuda, operates primarily in the advertising industry. The company’s major business focus is on advertising and promotional services, particularly within the PRC, and it remains operational despite current challenges.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$61.04M
Find detailed analytics on 0550 stock on TipRanks’ Stock Analysis page.