Hilong Holding Ltd. (HK:1623) has released an update.
Hilong Holding Ltd. has announced the findings of an independent investigation into unresolved audit issues related to transactions involving its Russian subsidiaries. The investigation, conducted by Ernst & Young, focused on the sale and procurement of pipe materials and assessed their impact on the company’s operations and financial position. As a result, trading in Hilong Holding’s shares remains suspended as the company addresses these matters.
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