Brief: Huscoke Holdings Updates On Preliminary Findings Of Independent Investigation Committee

Huscoke Holdings

26/07/2021 15:06

Huscoke Holdings Ltd  0704.HK :
    * HUSCOKE HOLDINGS UPDATES ON PRELIMINARY FINDINGS OF
INDEPENDENT
INVESTIGATION COMMITTEE
    * HUSCOKE-GRG HUSCOKE TAKEN OUT CERTAIN LOANS FROM
INDUSTRIAL AND
COMMERCIAL BANK OF CHINA BETWEEN 2012 AND 2014, WHICH WERE NOT
RECORDED
    * HUSCOKE HOLDINGS - REVIEW FOUND THESE LOANS WERE NOT
RECORDED IN
ACCOUNTS OF GRG HUSCOKE
    * HUSCOKE HOLDINGS - SUCH LOAN TRANSACTIONS WERE SHOWN IN
REPORT
OF CREDIT REFERENCE CENTER OF PEOPLE'S BANK OF CHINA AS FULLY
SETTLED
    * HUSCOKE  - REVIEW FOUND GRG HUSCOKE MAY HAVE ISSUED
CERTAIN BANK
ACCEPTANCE BILLS & DISCOUNTED CERTAIN BANK ACCEPTANCE BILLS
DURING 2017 TO 2019
    * HUSCOKE HOLDINGS  - REVIEW FOUND SUCH BILLS MAY NOT BEEN
RECORDED IN ACCOUNTS OF GRG HUSCOKE
    * HUSCOKE HOLDINGS  - REVIEW FOUND SUCH BILL TRANSACTIONS
ARE
SHOWN AS SETTLED IN CREDIT REFERENCE CENTER REPORT
    * HUSCOKE HOLDINGS - MEMBERS OF BOARD CONFIRMED THAT THEY
WERE NOT
AWARE OF ABOVE-MENTIONED LOANS AND ACCEPTANCE BILL

Source text for Eikon:  ID:nHKS9tRkP1 
Further company coverage:  0704.HK