Dongguang Chemical Ltd. (HK:1702) has released an update.
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Dongguang Chemical Ltd. has been informed by the Cangzhou City Taxation Bureau of a tax liability amounting to approximately RMB58.4 million due to miscalculations and non-compliant invoices by its subsidiary Hebei Dongguang Chemical Co., Ltd. The tax shortfall includes environmental protection taxes and additional enterprise income taxes for previous years. The company has settled these liabilities, which highlights the importance of compliance and due diligence in tax matters for investors.
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