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iCandy Interactive Ltd ( (AU:ICI) ) has provided an update.
iCandy Interactive Ltd is currently investigating alleged improper conduct by an external financial consultant, which involved the misuse of the company’s bank accounts for fund transactions over several years. Despite the ongoing investigation, iCandy’s directors believe there is no immediate impact on the company’s operations or solvency. However, the company’s securities remain suspended from quotation on the ASX until the completion of the investigation and the release of its audited financial statements for CY2024.
More about iCandy Interactive Ltd
iCandy Interactive Limited is a publicly traded video games company listed on the Australian Securities Exchange since 2016. Headquartered in Melbourne, Australia, with offices in Malaysia, Singapore, and Indonesia, it is one of the largest independent game developers in the region. The company has a team of over 400 developers, artists, and engineers who have created more than 350 titles across mobile, console, PC, and Web 3.0 platforms. iCandy is supported by strategic shareholders like Animoca Brands, Fatfish Group, and Baidu.
YTD Price Performance: -20.0%
Average Trading Volume: 463,256
Technical Sentiment Signal: Buy
Current Market Cap: A$20.49M
See more data about ICI stock on TipRanks’ Stock Analysis page.