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Mayer Holdings Ltd. Addresses Internal Control Deficiencies

Story Highlights
  • Mayer Holdings Ltd. conducted an internal control review revealing multiple deficiencies.
  • The company is implementing a remediation plan to strengthen its internal controls.
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Mayer Holdings Ltd. Addresses Internal Control Deficiencies

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Mayer Holdings Ltd. ( (HK:1116) ) has shared an update.

Mayer Holdings Ltd. has conducted an internal control review as part of its compliance with the resumption guidance imposed by the Stock Exchange. The review, carried out by Zhonghui Anda Risk Services Limited, identified multiple deficiencies in the company’s internal control systems. The company has developed a remediation plan to address these issues, particularly focusing on board meeting procedures and the provision and use of information. The management is actively working on rectifying these deficiencies to strengthen its internal controls.

More about Mayer Holdings Ltd.

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.83B

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