Brief: GCL-Poly Energy Updates On Key Findings Of Internal Controls Review

GCL Technology Holdings

25/10/2021 14:31

Oct 25 (Reuters) - GCL-Poly Energy Holdings Ltd  3800.HK :
    * GCL-POLY ENERGY UPDATES ON KEY FINDINGS OF INTERNAL
CONTROLS
REVIEW
    * INTERNAL CONTROLS CONSULTANT IDENTIFIED 19 KEY INTERNAL
CONTROLS
DEFICIENCIES 
    * INTERNAL CONTROLS CONSULTANT SATISFIED THAT CO ADDRESSED
ITS
RECOMMENDATIONS IN RESPECT OF ALL 19 KEY INTERNAL CONTROLS
DEFICIENCIES
    * INTERNAL CONTROLS CONSULTANT SATISFIED CO HAS SUFFICIENT
AND
RELIABLE SYSTEMS TO FULFIL ITS OBLIGATIONS UNDER LISTING RULES
    * SHARES TO REMAIN SUSPENDED UNTIL FURTHER NOTICE
    * INTERNAL CONTROLS CONSULTANT RECOMMENDED CO CLARIFY
THRESHOLD
FOR TRANSACTIONS THAT REQUIRE REPORTING TO AND APPROVAL BY BOARD

Source text for Eikon:  ID:nHKS8PrCn7 
Further company coverage:  3800.HK 

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