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Hilong Holding Ltd. Resumes Trading After Addressing Audit Issues

Story Highlights
  • Hilong Holding Ltd. operates in the pipe materials industry with a focus on Russian subsidiaries.
  • The company resumed trading after resolving audit issues and demonstrating management integrity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hilong Holding Ltd. Resumes Trading After Addressing Audit Issues

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The latest announcement is out from Hilong Holding Ltd. ( (HK:1623) ).

Hilong Holding Ltd. announced the fulfillment of all resumption guidance and the resumption of trading on the Hong Kong Stock Exchange. The company faced a suspension due to unresolved audit issues related to transactions involving its Russian subsidiaries. After conducting an independent investigation and implementing remedial measures, the company addressed these issues, published outstanding financial results, and demonstrated management integrity, leading to the resumption of trading.

More about Hilong Holding Ltd.

Hilong Holding Ltd. is a company incorporated in the Cayman Islands, operating in the industry of pipe materials and related services. The company has a market focus involving subsidiaries in Russia, dealing with the sale and procurement of pipe materials.

Technical Sentiment Signal: Sell

Current Market Cap: HK$191.7M

Find detailed analytics on 1623 stock on TipRanks’ Stock Analysis page.

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