Brief: Missfresh Announces The Substantial Completion Of The Audit Committee-Led Independent Internal Review

Missfresh

01/07/2022 21:37

July 1 (Reuters) - Missfresh Ltd  MF.O :
    * MISSFRESH ANNOUNCES THE SUBSTANTIAL COMPLETION OF THE
AUDIT
COMMITTEE-LED INDEPENDENT INTERNAL REVIEW
    * MISSFRESH-REVIEW IDENTIFIED CERTAIN TRANSACTIONS CARRIED
OUT BY
NEXT-DAY DELIVERY BU IN 2021 THAT EXHIBIT CHARACTERISTICS OF
QUESTIONABLE TRANSACTIONS
    * MISSFRESH LTD - INDIVIDUAL EMPLOYEES IN NEXT-DAY DELIVERY
BU
RESPONSIBLE FOR CARRYING OUT QUESTIONABLE TRANSACTIONS HAVE BEEN
IDENTIFIED
    * MISSFRESH LTD - CERTAIN REVENUE ASSOCIATED WITH CERTAIN
REPORTING PERIODS IN 2021 MAY HAVE BEEN INACCURATELY RECORDED IN
CO'S FINANCIAL STATEMENTS
    * MISSFRESH LTD - HAS CONDUCTED A PRELIMINARY ASSESSMENT OF
OVERALL FINANCIAL IMPACT OF REVIEW FINDINGS ON RELEVANT
FINANCIAL STATEMENTS
    * MISSFRESH LTD - TO ENHANCE COMPANY'S INTERNAL CONTROLS 
HAS
BEGUN AND WILL CONTINUE IMPLEMENTING A REMEDIATION PLAN
    * MISSFRESH LTD - REVIEW DID NOT UNCOVER ANY EVIDENCE TO
INDICATE
MANAGEMENT-LEVEL EXECUTIVES, WERE INVOLVED IN, AWARE OF ANY
MISCONDUCT
    * MISSFRESH LTD - TERMINATED ITS RELATIONSHIPS WITH
SUPPLIERS AND
CUSTOMERS INVOLVED IN HIGH-RISK QUESTIONABLE TRANSACTIONS
IDENTIFIED
    * MISSFRESH -REMEDIAL PLAN INCLUDES DISCIPLINARY ACTIONS
AGAINST
INDIVIDUAL EMPLOYEES FOUND RESPONSIBLE OR TOOK PART IN
QUESTIONABLE TRANSACTIONS IDENTIFIED

Source text for Eikon:  ID:nGNX1mtcY4 
Further company coverage:  MF.O 

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