Hilong Holding Ltd. (HK:1623) has released an update.
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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.
For further insights into HK:1623 stock, check out TipRanks’ Stock Analysis page.
