YCIH Green Concrete Tightens Controls on Connected and Notifiable Transactions

YCIH Green High-Performance Concrete Co., Ltd. Class H ( (HK:1847) ) has issued an announcement.

YCIH Green High-Performance Concrete Company Limited has detailed new remedial measures and internal controls for handling connected and notifiable transactions, underscoring a stronger governance framework. The company has clarified the roles of its corporate management department, Board Office, and legal affairs department in tracking counterparties, reviewing contracts, and monitoring transaction amounts.

Management has committed to submitting proposed connected and notifiable deals to the Board at an early stage to reinforce oversight. Transaction data for various categories of continuing connected transactions will be tracked through internal OA systems and reported quarterly to the Board, aiming to reduce compliance risks and improve transparency for stakeholders.

More about YCIH Green High-Performance Concrete Co., Ltd. Class H

YCIH Green High-Performance Concrete Company Limited is a PRC-incorporated supplier in the construction materials industry, focusing on green, high-performance concrete products. The company is listed in Hong Kong and operates through multiple management departments and subsidiaries, indicating a group structure with a need for robust internal transaction oversight.

Average Trading Volume: 35,818

Technical Sentiment Signal: Sell

Current Market Cap: HK$56.23M

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