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Kwong Luen Engineering Holdings Limited ( (HK:1413) ) has shared an announcement.
FEG Holdings Corporation Limited, along with its subsidiaries, undertook an internal control review conducted by GRC Chamber Limited to assess and recommend improvements in their governance and process-level areas for the period between April and September 2024. The review addressed past concerns, including issues highlighted by the former auditor regarding a construction agreement and associated financial transactions. While improvements were noted, the company has yet to fully implement the recommended enhancements. The board has committed to adopting a formal policy for board-level matters by March 2025 to strengthen internal controls.
More about Kwong Luen Engineering Holdings Limited
YTD Price Performance: -24.68%
Average Trading Volume: 5,648,597
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$139.2M
For a thorough assessment of 1413 stock, go to TipRanks’ Stock Analysis page.
