Frontage Holdings Corp. (HK:1521) has released an update.
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Frontage Holdings Corporation has announced the renewal of their Services Framework Agreement, which includes stringent internal control measures to monitor transactions and ensure fairness and compliance with the Listing Rules. These measures involve comparisons to independent third-party transactions, adherence to internal guidelines for high-value transactions, and annual reviews by independent directors and auditors. The company’s board believes these controls will sufficiently monitor and assure the propriety of ongoing transactions with Tigermed Group.
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