Sirnaomics Ltd. (HK:2257) has released an update.
Sirnaomics Ltd. is facing a potential substantial loss due to a default on a private debt by an issuer in a fund they invested in, totaling $20 million. The company’s board has initiated an investigation into the matter and is considering holding the fund’s management accountable to recover losses. Meanwhile, the company’s R&D and fundraising efforts continue as they work to mitigate the financial impact.
For further insights into HK:2257 stock, check out TipRanks’ Stock Analysis page.
