First Service Holding Limited Enhances Internal Controls Following Review

First Service Holding Limited ( (HK:2107) ) has provided an update.

First Service Holding Limited has completed an internal control review with the assistance of CityLinkers Corporate Advisory Services Limited. The review, covering the year 2024, identified several areas for improvement in corporate governance and fund management. Key findings highlighted the lack of specific investment limits and inadequate monitoring mechanisms for investment transactions. In response, the company has suspended transactions related to wealth management products, conducted compliance training, and revised internal policies and procedures to enhance risk management and compliance. These measures aim to strengthen the company’s internal controls and ensure adherence to the Listing Rules, potentially improving its market position and stakeholder confidence.

More about First Service Holding Limited

First Service Holding Limited is a company incorporated in the Cayman Islands, operating with a focus on wealth management products. The company is listed on the Hong Kong Stock Exchange and engages in various financial transactions, with an emphasis on investment management and corporate governance.

YTD Price Performance: 11.11%

Average Trading Volume: 365,669

Technical Sentiment Signal: Hold

Current Market Cap: HK$367.2M

For an in-depth examination of 2107 stock, go to TipRanks’ Stock Analysis page.