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China High Speed Transmission Equipment Group Co ( (HK:0658) ) has provided an update.
China High Speed Transmission Equipment Group Co., Ltd. has announced an update on an independent investigation into its subsidiaries’ agreements and relevant amounts, with extensive investigative procedures underway. In response to the investigation, the company has implemented interim remedial measures to strengthen internal controls, including suspending commodities trading operations, enhancing cash flow management, and optimizing senior management roles to ensure operational efficiency and compliance.
More about China High Speed Transmission Equipment Group Co
China High Speed Transmission Equipment Group Co., Ltd. operates in the transmission equipment industry, focusing on the production and distribution of high-speed transmission equipment. The company is involved in commodities trading operations and has a market presence in the People’s Republic of China.
YTD Price Performance: 10.38%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $191.3M
See more insights into 0658 stock on TipRanks’ Stock Analysis page.