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Greater Bay Area Dynamic Growth Receives Third Resumption Guidance Amid Irregularities

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Greater Bay Area Dynamic Growth Receives Third Resumption Guidance Amid Irregularities

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Greater Bay Area Dynamic Growth Holding Limited ( (HK:1189) ) just unveiled an update.

Greater Bay Area Dynamic Growth Holding Limited has announced the receipt of a third modified resumption guidance from the Hong Kong Stock Exchange. This guidance follows a series of irregularities involving Guangzhou Rosedale, a subsidiary, where a minority shareholder illegally took control, leading to asset disposals and potential civil liabilities. The company is required to conduct an independent forensic investigation to assess the impact on its operations and financial position and take necessary remedial actions.

More about Greater Bay Area Dynamic Growth Holding Limited

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$37.88M

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