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Lisi Group Faces Compliance Issues with Funds Transfers

Lisi Group Faces Compliance Issues with Funds Transfers

Lisi Group (Holdings) Limited (HK:0526) has released an update.

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Lisi Group (Holdings) Limited recently disclosed compliance issues regarding its funds transfers and advances to suppliers, which were not initially recognized under Hong Kong’s Listing Rules. The company has since recovered all funds and ceased such transactions, while also deciding not to issue a shareholder circular due to the mitigated circumstances. This development highlights the importance of stringent internal controls in financial operations.

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