Tianyun International Holdings Limited (HK:6836) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Tianyun International Holdings Limited has announced preliminary findings of internal irregularities at its principal subsidiary, Shandong Tiantong Food Co., which include multiple sets of financial records, unrecorded loans and guarantees totaling over RMB335 million, and suspicious fund transfers. Additionally, the company disclosed a suspected fraud concerning the disposal of another subsidiary, Tiantong Food (Yichang) Limited, where a RMB90 million transaction was not received as claimed. Trading of the company’s shares remains suspended until further notice, with the Securities and Futures Commission directing the suspension of all dealings in Tianyun’s shares.
For further insights into HK:6836 stock, check out TipRanks’ Stock Analysis page.
