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FEG Holdings Faces Audit Delay Amid Alleged Debt Dispute

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FEG Holdings Faces Audit Delay Amid Alleged Debt Dispute

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An update from Kwong Luen Engineering Holdings Limited ( (HK:1413) ) is now available.

FEG Holdings Corporation Limited has announced a delay in the publication of its annual results due to additional audit procedures required following an incident involving an alleged debt claim. The company was served with statutory demands related to a purported consultancy agreement, which were later withdrawn, confirming no legal liability or material impact on the company’s financial position. The company has taken steps to strengthen internal controls and governance to prevent similar issues in the future.

More about Kwong Luen Engineering Holdings Limited

Average Trading Volume: 15,737,234

Technical Sentiment Signal: Sell

Current Market Cap: HK$78M

Learn more about 1413 stock on TipRanks’ Stock Analysis page.

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