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Strong Petrochemical Holdings Limited ( (HK:0852) ) has shared an announcement.
Strong Petrochemical Holdings Limited has announced an update on the ongoing investigations by an independent board committee (IBC) into allegations against certain directors and former management. The investigations, assisted by a Big 4 accounting firm and legal advisers, focus on suspected misappropriation of assets and non-compliance with corporate governance. The IBC aims to conclude the investigations in two to three months, after which the company will proceed with its annual audit and consider further actions. Trading in the company’s shares remains suspended until further notice.
More about Strong Petrochemical Holdings Limited
YTD Price Performance: 10.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €43.62M
For a thorough assessment of 0852 stock, go to TipRanks’ Stock Analysis page.