Theme International Reports Suspected Fund Misappropriation

Theme International Holdings Limited (HK:0990) has released an update.

Theme International Holdings Limited has announced the discovery of suspected misappropriation of funds by a director of its subsidiary in Singapore, involving a potential loss of approximately US$21.5 million. The company has taken immediate action by reporting the incident to the Singapore Police, suspending the suspected director, and initiating a legal investigation to recover the lost funds. Despite the situation, the Board believes the incident will not significantly impact the group’s operations or financial stability.

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