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The latest announcement is out from Q Technology (Group) Co ( (HK:1478) ).
Q Technology (Group) Co. has announced that its subsidiary, India Q Tech, is involved in an ongoing tax dispute with Indian authorities. The Income Tax Appellate Tribunal (ITAT) has recognized potential errors in the tax assessment, leading to a partial reduction in the tax amount demanded. Despite the rectification, India Q Tech plans to continue challenging the assessment, as the tax dispute remains unresolved. The Group is assessing the impact on its financial statements and will inform stakeholders of any significant developments.
More about Q Technology (Group) Co
Q Technology (Group) Company Limited, incorporated in the Cayman Islands, operates in the technology industry with a focus on producing electronic components. The company is publicly listed on the Hong Kong Stock Exchange and is involved in various international markets.
YTD Price Performance: -18.06%
Average Trading Volume: 9,036,681
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$6.65B
For an in-depth examination of 1478 stock, go to TipRanks’ Stock Analysis page.
