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S-Enjoy Service Group Faces Auditor Resignation Amid Financial Irregularities

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S-Enjoy Service Group Faces Auditor Resignation Amid Financial Irregularities

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The latest announcement is out from S-Enjoy Service Group Co., Ltd. ( (HK:1755) ).

S-Enjoy Service Group Co., Ltd. announced the resignation of PricewaterhouseCoopers (PwC) as its auditor following the discovery of significant issues related to fund transfer transactions between the company and a related party. These transactions, amounting to RMB2.27 billion, were not properly accounted for in the company’s financial records, prompting the establishment of an Independent Investigation Committee to further examine the matter. The continued suspension of trading and the delay in the publication of the 2024 Annual Results and Report highlight the potential impact on the company’s financial transparency and stakeholder trust.

The most recent analyst rating on (HK:1755) stock is a Hold with a HK$2.80 price target. To see the full list of analyst forecasts on S-Enjoy Service Group Co., Ltd. stock, see the HK:1755 Stock Forecast page.

More about S-Enjoy Service Group Co., Ltd.

S-Enjoy Service Group Co., Ltd. operates in the service industry, focusing on providing property management services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 1,113,388

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.44B

For a thorough assessment of 1755 stock, go to TipRanks’ Stock Analysis page.

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