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The latest update is out from Chongqing Hongjiu Fruit Co. Ltd. Class H ( (HK:6689) ).
Chongqing Hongjiu Fruit Co., Limited has announced that several of its directors and the Chairlady of the Supervisory Committee are under investigation by the Public Security Bureau of Liangjiang New Area in Chongqing City for suspected loan fraud and issuance of false tax invoices. This investigation has led to restricted access to one of the company’s main business locations, impacting its operations, and the company is currently unable to predict the full implications of the incident.
More about Chongqing Hongjiu Fruit Co. Ltd. Class H
Chongqing Hongjiu Fruit Co., Limited is a joint stock company incorporated in China, operating in the fruit industry. The company is listed on the Hong Kong Stock Exchange and is involved in the production and distribution of fruit products.
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.79B
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