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LVGEM Enhances Compliance Measures After U.S. Property Disposal

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LVGEM Enhances Compliance Measures After U.S. Property Disposal

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An announcement from LVGEM (China) Real Estate Investment Company Limited ( (HK:0095) ) is now available.

LVGEM (China) Real Estate Investment Company Limited announced a supplemental disclosure regarding the disposal of a hotel property in Los Angeles, USA. The company acknowledged a delay in compliance with Hong Kong Stock Exchange Listing Rules due to a misunderstanding by its U.S. sales team. To prevent future occurrences, LVGEM is implementing remedial measures, including enhanced training and reporting procedures, to ensure timely and accurate transaction reporting and compliance.

More about LVGEM (China) Real Estate Investment Company Limited

LVGEM (China) Real Estate Investment Company Limited is a real estate investment company incorporated in the Cayman Islands. The company is involved in real estate development and investment, focusing on properties in various international markets.

Average Trading Volume: 38,649,819

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.48B

For a thorough assessment of 0095 stock, go to TipRanks’ Stock Analysis page.

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