Brief: Nvc International Says Gaoxin District Branch Of Bengbu Public Security Bureau Conducting Investigation Against Chairman

NVC International Holdings

31/07/2023 14:18

July 31 (Reuters) - NVC International Holdings Ltd
 2222.HK :
    * INFORMED BY CHAIRMAN GAOXIN DISTRICT BRANCH OF BENGBU
PUBLIC
SECURITY BUREAU HAS BEEN CONDUCTING INVESTIGATION AGAINST HIM
JULY 2022
    * INVESTIGATION REGARDING CHAIRMAN'S ALLEGED TEMPORARY
CHANGE OF
USE OF RMB240 MILLION GOVERNMENT SUBSIDIES GRANTED TO ELEC-TECH
INTERNATIONAL
    * IS OF VIEW THAT INVESTIGATION WILL NOT HAVE A MATERIAL
ADVERSE
IMPACT ON BUSINESS OPERATION

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