Theme International Holdings Limited (HK:0990) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Theme International Holdings Limited has announced the discovery of suspected misappropriation of funds by a director of its subsidiary in Singapore, involving a potential loss of approximately US$21.5 million. The company has taken immediate action by reporting the incident to the Singapore Police, suspending the suspected director, and initiating a legal investigation to recover the lost funds. Despite the situation, the Board believes the incident will not significantly impact the group’s operations or financial stability.
For further insights into HK:0990 stock, check out TipRanks’ Stock Analysis page.
