Sterling Group Holdings Limited (HK:1825) has released an update.
Sterling Group Holdings Limited, undergoing internal review, has discovered lapses in their internal control related to certain financial transactions, as detailed in their latest report. Key findings indicate that various transactions, including Santai Advances and Novation Agreements, were not properly reported to or approved by the Board. The internal control consultant, GRC Chamber Limited, has recommended measures to enhance the company’s internal controls following these findings.
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