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An update from Strong Petrochemical Holdings Limited ( (HK:0852) ) is now available.
Strong Petrochemical Holdings Limited has announced a delay in the publication of its 2024 annual results and report, along with a further postponement of its interim dividend payment. The company is currently undergoing an investigation into allegations of misconduct involving former management, with a forensic team from a Big 4 accounting firm and legal advisers assisting in the process. The investigation is expected to take two to three months, and its impact on the company’s operations and financial position is yet to be determined. Additionally, the company has engaged Acclime Consulting to conduct an internal control review to enhance its corporate governance and risk management procedures.
More about Strong Petrochemical Holdings Limited
Strong Petrochemical Holdings Limited operates within the petrochemical industry, focusing on the production and distribution of petrochemical products. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 10.0%
Technical Sentiment Signal: Buy
Current Market Cap: €41.99M
See more insights into 0852 stock on TipRanks’ Stock Analysis page.