Brief: Theme International Says "Suspected Misappropriation" Of Funds Of Unit

Deep Source Holdings

09/08/2024 16:20

Aug 9 (Reuters) - Theme International Holdings Ltd
 0990.HK :
    * "SUSPECTED MISAPPROPRIATION" OF FUNDS OF UNIT
    * SUSPECTED DIRECTOR OF SG SUBSIDIARY HAS BEEN SUSPENDED
FROM DUTY
    * POTENTIAL LOSSES TO GROUP US$21.5 MILLION
    * SG SUBSIDIARY HAS BEEN INSTRUCTED TO CEASE ALL OPERATIONS
PENDING CONCLUSION OF INVESTIGATION
    * WILL CONDUCT A REVIEW ON HOW TO ENHANCE INTERNAL CONTROL
SYSTEMS
AND PROCEDURES OF GROUP

Further company coverage:  0990.HK