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Yinsheng Digifavor Addresses Compliance Oversight with New Controls

Story Highlights
  • Yinsheng Digifavor faced a delay in renewing their Digital Marketing Traffic Sales Agreement, causing listing rule non-compliance.
  • The company has implemented new internal controls to prevent future compliance issues and ensure rule adherence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yinsheng Digifavor Addresses Compliance Oversight with New Controls

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An announcement from NNK Group Ltd ( (HK:3773) ) is now available.

Yinsheng Digifavor Company Limited, incorporated in the Cayman Islands, is involved in digital marketing through its Digital Marketing Traffic Sales Framework Agreement. Recently, the company faced a delay in renewing this agreement, leading to non-compliance with Hong Kong Stock Exchange listing rules. The delay was attributed to complex transaction details and public holidays. As a result, the company exceeded transaction thresholds without proper shareholder approval. To rectify this, the company has implemented various internal control measures, such as enhanced supervision and stricter timelines, to prevent future compliance issues.

More about NNK Group Ltd

YTD Price Performance: -11.38%

Average Trading Volume: 110,915

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$1.07B

Learn more about 3773 stock on TipRanks’ Stock Analysis page.

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