JY Gas Limited Faces Internal Control Issues

JY Gas Ltd. (HK:1407) has released an update.

JY Gas Limited’s internal control review has exposed deficiencies in compliance process management and funds management. The review highlighted the lack of dissemination and detailed procedures in the company’s internal policies, and the absence of proper records for inside information disclosure. Recommendations include establishing a comprehensive compliance system, appointing an officer for regular reviews, and maintaining accurate records of inside information.

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