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An announcement from Raffles Interior Ltd. ( (HK:1376) ) is now available.
Raffles Interior Limited has received a letter from its external auditors highlighting serious allegations against its Chairman, Mr. Zheng Nenghuan, regarding an unauthorized acquisition. These allegations pose significant risks to the company’s financial reporting and governance, necessitating immediate action from the Board and Audit Committee. The company is considering internal and external investigations to address these concerns and ensure compliance with financial reporting requirements.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
More about Raffles Interior Ltd.
Average Trading Volume: 7,148,070
Technical Sentiment Signal: Sell
Current Market Cap: HK$133M
For an in-depth examination of 1376 stock, go to TipRanks’ Overview page.