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Wai Chun Group Holdings Limited ( (HK:1013) ) has issued an announcement.
Wai Chun Group Holdings Limited has announced a connected and disclosable transaction involving an advance payment made by its subsidiary, Beijing HollyBridge, to Guangzhou RSJ. The transaction, which involved RMB5.35 million, was not initially reported as required under Hong Kong Listing Rules due to an oversight, leading to a breach of compliance regulations. The advance payment, which was unsecured and interest-free, has since been fully settled. This oversight highlights the company’s need to ensure strict adherence to regulatory requirements to maintain transparency and trust with stakeholders.
More about Wai Chun Group Holdings Limited
YTD Price Performance: -14.17%
Average Trading Volume: 202,543
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$27.54M
Find detailed analytics on 1013 stock on TipRanks’ Stock Analysis page.
