China Oil & Gas Group (HK:0603) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
China Oil & Gas Group is taking significant steps to bolster its internal control systems following a prior year adjustments incident. The company has engaged an international professional firm to assess and rectify deficiencies in key processes such as revenue recognition and financial statement preparation. Management is committed to implementing necessary changes and has initiated staff training to enhance compliance and financial reporting standards.
For further insights into HK:0603 stock, check out TipRanks’ Stock Analysis page.