China Vered Financial Holding Corporation Limited (HK:0245) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
China Vered Financial Holding Corporation Limited has provided additional information to its 2023 Annual Report concerning an audit qualification related to their investment in Fund F, managed by an entity in the Cayman Islands. The company clarified that the fair value loss was due to management fees, fund expenses, and investment losses, and added context about a related independent investigation. Despite these issues, the company’s Audit Committee supports the management’s position that these matters did not affect the opening balance of the consolidated financial statements for 2023.
For further insights into HK:0245 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue