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An announcement from Strong Petrochemical Holdings Limited ( (HK:0852) ) is now available.
Strong Petrochemical Holdings Limited announced an update on the suspected misappropriation of assets involving former CFO Ms. Kwan Pui Shan and associates. An external investigation revealed unauthorized expense claims totaling approximately HK$1.5 million and potential double claims up to HK$1.86 million, highlighting significant internal control failures. The company has reported these findings to law enforcement for further investigation and is consulting legal advisors while keeping stakeholders informed.
More about Strong Petrochemical Holdings Limited
Strong Petrochemical Holdings Limited is a company incorporated in the Cayman Islands, focused on the petrochemical industry. It operates through its subsidiaries, providing various petrochemical products and services.
YTD Price Performance: 10.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €44.13M
For detailed information about 0852 stock, go to TipRanks’ Stock Analysis page.
