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Boill Healthcare Holdings Limited ( (HK:1246) ) has issued an update.
Boill Healthcare Holdings has disclosed key findings from an independent forensic investigation triggered by concerns over an unauthorized guarantee, questionable loans and a zero-consideration disposal of a subsidiary, all of which had resulted in substantial expected credit losses and apparent breaches of Hong Kong Listing Rules. Following additional resumption guidance from the Stock Exchange and a reconstitution of its board in late 2024, the company engaged an external forensic investigator to review documents, board approvals and transaction records related to these irregularities, with the aim of identifying any further unauthorized loans or guarantees, assessing their impact on its financial position and business operations, and supporting remedial internal control enhancements to address governance and compliance weaknesses.
More about Boill Healthcare Holdings Limited
Boill Healthcare Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries in the healthcare sector, with activities disclosed under the framework of Hong Kong’s Listing Rules and securities regulations. The group’s operations and financial reporting are closely scrutinized by the Stock Exchange of Hong Kong given prior issues involving guarantees, loans and disposals that raised compliance and governance concerns.
Technical Sentiment Signal: Sell
Current Market Cap: HK$28.52M
Find detailed analytics on 1246 stock on TipRanks’ Stock Analysis page.