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Kingkey Intelligence Culture Holdings Limited ( (HK:0550) ) has issued an update.
Allegro Culture Limited has provided a quarterly update on its efforts to resume trading, which remains suspended. The company is addressing audit issues and has engaged Frank Forensic and Corporate Recovery Limited to conduct an independent forensic investigation. Allegro Culture Limited is working closely with auditors to publish outstanding financial results and is committed to fulfilling the resumption conditions. Despite these challenges, the company’s core advertising business continues to operate normally, and it is actively expanding its services in the PRC, including a partnership with SZ Kingkey.
More about Kingkey Intelligence Culture Holdings Limited
Allegro Culture Limited operates in the advertising industry, focusing on providing advertising and promotional services. The company has been expanding its business in the People’s Republic of China (PRC) by entering into agreements to offer these services to various customers. Allegro Culture Limited utilizes technological support to enhance its offerings, including leveraging social media platforms like Douyin for advertising purposes.
Technical Sentiment Signal: Buy
Current Market Cap: €7.27M
Learn more about 0550 stock on TipRanks’ Stock Analysis page.