Brief: Peking University Resources Updates On Findings Of Independent Investigation

Peking University Resources (Holdings)

04/07/2022 15:07

July 4 (Reuters) - Peking University Resources (Holdings)
Company Ltd  0618.HK :
    * UPDATES ON FINDINGS OF INDEPENDENT INVESTIGATION REGARDING
SUSPECTED MISAPPROPRIATION AND MISCONDUCT
    * INDEPENDENT INVESTIGATION FOUND AMOUNT PAYABLE BY GROUP TO
RESOURCES GROUP WAS RMB2,351 MILLION AT 31 DEC 2020
    * DISCREPANCIES WERE DUE TO, AMONG OTHERS DIFFERENCE OF
BALANCES
BETWEEN GROUP AND RESOURCES GROUP
    * BOARD OF VIEW THAT LEGAL ACTIONS TAKEN ARE APPROPRIATE TO
PROTECT LEGITIMATE INTEREST OF CO
    * TRADING IN SHARES OF CO WILL REMAIN SUSPENDED UNTIL
FURTHER
NOTICE
    * SPECIAL INVESTIGATION COMMITTEE OF VIEW THAT CO HAS TAKEN
REMEDIAL ACTIONS TO ADDRESS ISSUES

Source text for Eikon:  ID:nHKS8w46JX 
Further company coverage:  0618.HK 

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