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The latest announcement is out from Asiaray Media Group Ltd. ( (HK:1993) ).
Asiaray Media Group has issued a public clarification after discovering suspected fraudulent telecommunications activities involving counterfeit mobile applications using the Asiaray name or similar marks. The company emphasized it has never developed or operated any wealth management, cash-back or rebate-related apps and has not authorized any third party to conduct such activities on its behalf.
To address the situation, Asiaray appointed the Shenzhen branch of Yingke Law Firm to issue a formal Chinese-language reprimand or censure statement, which is available on the company’s website. The group also warned the public to be vigilant against telecom and online scams, urging users to verify online information and avoid downloading unfamiliar apps from unverified sources, seeking to protect its reputation and stakeholders from associated risks.
The most recent analyst rating on (HK:1993) stock is a Sell with a HK$0.48 price target. To see the full list of analyst forecasts on Asiaray Media Group Ltd. stock, see the HK:1993 Stock Forecast page.
More about Asiaray Media Group Ltd.
Asiaray Media Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands and engaged in the media and advertising sector. The group focuses on outdoor and transit media solutions across Greater China, leveraging its network-based platforms to serve brand advertisers and related stakeholders in the region.
Average Trading Volume: 8,456
Technical Sentiment Signal: Sell
Current Market Cap: HK$277.3M
For an in-depth examination of 1993 stock, go to TipRanks’ Overview page.