Jiayuan Services Reveals Unauthorized Transactions Probe

Jiayuan Services Holdings Limited (HK:1153) has released an update.

Jiayuan Services Holdings Limited has disclosed key findings from an independent investigation into abnormal transactions involving unauthorized fund transfers by its then controlling shareholder. The investigation, prompted by additional guidance from the Stock Exchange, focused on transactions that bypassed the board and management, highlighting the need for a forensic review. The company continues to address these issues, with trading of its shares remaining suspended.

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