Brief: China Aoyuan Says Key Findings Of Independent Investigation And Internal Control Assessment

China Aoyuan

22/09/2023 16:03

Sept 22 (Reuters) - China Aoyuan Group Ltd  3883.HK :
    * KEY FINDINGS OF INDEPENDENT INVESTIGATION AND INTERNAL
CONTROL
ASSESSMENT
    * INDEPENDENT INVESTIGATION COMMITTEE IS OF VIEW THAT
CONTENTS AND
FINDINGS IN INVESTIGATION REPORT ARE REASONABLE
    * INDEPENDENT INVESTIGATION COMMITTEE HAS RECOMMENDED BOARD
TO
ADOPT FINDINGS IN INVESTIGATION REPORT
    * COMMITTEE AND BOARD ARE OF VIEW THAT REMEDIAL ACTIONS
TAKEN BY
MANAGEMENT ARE ADEQUATE
    * ADEQUATE AND SUFFICIENT TO ADDRESS KEY FINDINGS OF
INTERNAL
CONTROL ASSESSMENT
    * HAS IN PLACE ADEQUATE INTERNAL CONTROL SYSTEMS OVER TYPE
OF FUND
FLOW TRANSACTIONS WHICH CONSTITUTED FUND FLOWS MATTERS
    * MADE AN APPLICATION FOR RESUMPTION OF TRADING WITH EFFECT
FROM
9:00 A.M. ON 25 SEPT
    * BOARD OF VIEW THAT ISSUES IDENTIFIED IN INVESTIGATION
REPORT DO
NOT HAVE A MATERIAL IMPACT ON BUSINESS OPERATIONS OF CHINA
AOYUAN GROUP

Further company coverage:  3883.HK 

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