Strong Petrochemical Holdings Limited (HK:0852) has released an update.
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Strong Petrochemical Holdings Limited is under scrutiny following allegations of asset misappropriation involving its former CFO, Ms. Kwan, and two others. An internal review revealed unauthorized reimbursements and luxury purchases suspected to exceed millions of Hong Kong Dollars. The company has reported the matter to the police and is conducting a thorough audit to address these concerns.
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