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An update from Hilong Holding Ltd. ( (HK:1623) ) is now available.
Hilong Holding Ltd. has completed an internal control review as part of its efforts to address resumption guidance from the Hong Kong Stock Exchange. The review, conducted by Acclime Consulting, assessed the company’s internal controls and procedures, identifying areas of material and medium deficiencies. The company has implemented remedial actions based on the consultant’s recommendations, aiming to enhance its corporate governance and financial reporting processes. The continued suspension of trading indicates ongoing challenges, but the completion of the review marks a significant step towards meeting regulatory obligations and resuming trading.
More about Hilong Holding Ltd.
Hilong Holding Ltd. is a company incorporated in the Cayman Islands, focusing on the oilfield services industry. It provides a range of products and services, including oilfield equipment manufacturing and services, with a market focus on enhancing operational efficiencies and compliance with industry regulations.
Technical Sentiment Signal: Sell
Current Market Cap: HK$191.7M
Find detailed analytics on 1623 stock on TipRanks’ Stock Analysis page.