Morris Home Holdings Limited (HK:1575) has released an update.
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Morris Home Holdings Limited is facing challenges with its investment in Charme Inc., as it struggles to obtain crucial financial information and communication from the company. Despite holding a significant share in Charme, Morris Home’s financial position remains largely unaffected due to a substantial impairment of the investment. Additionally, an investigation revealed discrepancies in fund transactions between Morris Home and entities controlled by major shareholder Mr. Zou Gebing.
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