Venus Medtech (Hangzhou), Inc. Class H (HK:2500) has released an update.
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Venus Medtech (Hangzhou) Inc. reports steady business operations amidst ongoing efforts to address unauthorized transactions that have not significantly impacted day-to-day activities. The company is following resumption guidance from the Hong Kong Stock Exchange, including conducting a special audit, forensic investigation, and internal control review to ensure compliance and restore investor confidence. While most unauthorized transaction amounts have been recouped, Venus Medtech continues arbitration to recover an outstanding loan.
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