Brief: Beijing Gas Blue Sky Says On 18 April, Forensic Accountant Finalised And Presented An Extended Forensic Investigation Repor To Special Committee

Beijing Gas Blue Sky Holdings

19/04/2022 17:40

April 19 (Reuters) - Beijing Gas Blue Sky Holdings Ltd
 6828.HK :
    * ON 18 APRIL , FORENSIC ACCOUNTANT FINALISED AND PRESENTED
AN
EXTENDED FORENSIC INVESTIGATION REPOR TO SPECIAL COMMITTEE
    * REFERS TO ANNOUNCEMENT DATED 23 NOV REQUIRING CO TO
CONDUCT
INVESTIGATIONS INTO TRANSACTIONS WITH MATERIAL IRREGULARITIES
    * FORENSIC ACCOUNTANT REVIEWED TRANSACTIONS WHICH TOOK PLACE
FROM
1 MAY 2014 TO 31 DEC 2020
    * ACCORDING TO INVESTIGATION REPORT, THERE WERE 32
TRANSACTIONS
WHICH APPEARED TO INVOLVE CERTAIN MATERIAL IRREGULARITIES
    * MAJORITY OF 32 REVIEWED TRANSACTIONS IN EXTENDED
INVESTIGATIONS
ARE RELATED TO MERGER AND ACQUISITION ACTIVITIES
    * ECONOMIC LOSSES RESULTED BY REVIEWED TRANSACTIONS APPEARED
TO BE
RELATED TO AN IDIVIDUAL OVERRIDING CO'S INTERNAL CONTROLS
    * REPORT SAYS REVIEWED TRANSACTIONS MIGHT POTENTIALLY RESULT
IN
ECONOMIC LOSS OF ABOUT RMB1,022 MILLION TO GROUP

Source text for Eikon:  ID:nHKS97H4fR 
Further company coverage:  6828.HK 

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