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Asia Resources Holdings Limited ( (HK:0899) ) just unveiled an update.
Zhong Jia Guo Xin Holdings Company Limited announced a supplemental update regarding its very substantial acquisition of refund properties. The company acknowledged a misinterpretation of the Listing Rules, leading to the acceptance of Refund Properties without proper announcement. To address this, the company has implemented remedial measures including preparing an internal memorandum, providing training on compliance with Listing Rules, and engaging legal advisors to ensure early identification of potential transactions and ongoing compliance advice. These measures aim to prevent similar compliance issues in the future.
More about Asia Resources Holdings Limited
YTD Price Performance: -10.0%
Average Trading Volume: 917,120
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$106.4M
Learn more about 0899 stock on TipRanks’ Stock Analysis page.