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Coolpad Group ( (HK:2369) ) has issued an update.
Coolpad Group Limited has concluded an independent investigation into anonymous allegations regarding its operations, prompted by a complaint received by its former auditor, EY. The investigation, conducted by Grant Thornton Advisory Services Limited, was part of the required Resumption Guidance by the Stock Exchange, following issues such as delayed annual results and auditor changes. The findings are expected to impact the company’s business operations and stakeholder confidence, with remedial actions anticipated.
More about Coolpad Group
Coolpad Group Limited is engaged in the technology industry with a focus on developing and manufacturing mobile devices and related products. The company is positioned in the competitive smartphone market, providing innovative solutions and services to its global customer base.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $126.2M
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