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Greater Bay Area Dynamic Growth Appoints Forensic Accountant Amid Trading Suspension

Story Highlights
  • Greater Bay Area Dynamic Growth Holding Limited appoints Cheng & Cheng for a forensic investigation.
  • The investigation is part of conditions for resuming trading, with shares currently suspended.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Greater Bay Area Dynamic Growth Appoints Forensic Accountant Amid Trading Suspension

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Greater Bay Area Dynamic Growth Holding Limited ( (HK:1189) ) has provided an announcement.

Greater Bay Area Dynamic Growth Holding Limited has appointed Cheng & Cheng Limited as an independent forensic accountant to conduct a forensic investigation into a purported disposal and other potential irregularities involving its PRC subsidiaries. This decision follows a directive from the Stock Exchange requiring an independent investigation as part of the conditions for resuming trading of the company’s shares. The appointment aims to ensure a thorough and impartial investigation, which is crucial for the company’s compliance and future operations. Trading of the company’s shares remains suspended, and stakeholders are advised to exercise caution.

More about Greater Bay Area Dynamic Growth Holding Limited

Greater Bay Area Dynamic Growth Holding Limited is a company incorporated in Bermuda with limited liability, listed on the Stock Exchange of Hong Kong. The company is involved in various business operations, with a focus on its subsidiaries in the People’s Republic of China (PRC).

Technical Sentiment Signal: Sell

Current Market Cap: HK$37.88M

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