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Xin Yuan Enterprises Group Ltd. ( (HK:1748) ) has issued an update.
Xin Yuan Enterprises Group Limited has clarified a previous announcement regarding the engagement of an independent investigator. Initially, there was a miscommunication about engaging BDO Financial Services Limited for an investigation. The company has now formally engaged Forvis Mazars Risk Advisory Services Limited to investigate allegations of off-book loans and misappropriation of company funds. The investigation aims to address these issues, assess their impact on financial statements, and improve internal controls to prevent future occurrences.
More about Xin Yuan Enterprises Group Ltd.
YTD Price Performance: 9.32%
Average Trading Volume: 40,142
Technical Sentiment Signal: Buy
Current Market Cap: HK$774.4M
For detailed information about 1748 stock, go to TipRanks’ Stock Analysis page.