Kingkey Intelligence Culture Holdings Limited (HK:0550) has released an update.
Allegro Culture Limited, previously known as Kingkey Intelligence Culture Holdings Limited, has been advised by the Stock Exchange on the necessary steps for resuming trading of its shares, which remain suspended. The company must undertake an independent investigation into certain allegations, ensure adequate internal controls, publish outstanding financial results, and demonstrate compliance with regulatory concerns about management’s integrity. These measures aim to address issues that led to the suspension and restore market confidence for investors.
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