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Ever Reach GP (03616.HK) receives guidance for resumption of trading from HKEX.
On June 28, Gelunhui reported that on June 25, 2024, ever reach gp (03616.HK) received a letter from the Hong Kong Stock Exchange, in which there were guidelines for the resumption of trading of the company's shares on the Hong Kong Stock Exchange (resumption guidelines). According to the resumption guidelines, the company should: (a) conduct an appropriate independent investigation into the issue of prepayments, evaluate the impact on the company's business operations and financial condition, publish the investigation results, and take appropriate remedial measures; (b) prove that there are no reasonable regulatory issues pertaining to the integrity, ability, and/or character of the group's management or any individuals with significant influence on the company's management and operation.
Ever Reach to Establish Special Investigation Committee for Issues Regarding Prepayments
Hengda Group Holdings (03616) establishes a special investigation committee
According to Zhitong Finance App, Hengda Group Holdings (03616) issued an announcement. The board of directors decided to establish a special investigation committee to investigate matters relating to the payment of advance construction costs to certain suppliers. The Special Investigation Committee consists of all independent non-executive directors, namely Mr. Li Guolin, Mr. Wei Jian and Mr. Fang Zheng. The responsibilities of the Special Investigation Committee include engaging an independent third party professional body to assist in reviewing advance payments; reporting relevant findings to the Board; and providing recommendations to the Board on actions (if any).
Hengda Group Holdings Announces Delay in Publishing 2023 Annual Results and Continues to Suspend Trading
Hengda Group Holdings (03616) issued an announcement. In connection with the delay in publishing the 2023 annual results, during the audit, the auditor requested the company to provide further information and explanations on the following items: the Group paid advance construction cost payments to certain suppliers, the relevant amount was approximately RMB 217 million on 31 December 2023, and a further advance payment of approximately RMB 106 million to one of the suppliers in January 2024, including but not limited to the commercial reasons for the advance payment, complete accounting records and documents, and the supplier concerned's use of advance payments Details and related outstanding prepayments
EVER REACH GP: (1) SUPPLEMENTAL ANNOUNCEMENT IN RELATION TODELAY IN PUBLICATION OF 2023 ANNUAL RESULTS; AND(2) CONTINUED SUSPENSION OF TRADING
Hengda Group Holdings (03616.HK) suspended trading this morning
On April 2, Gelonghui | Hengda Group Holdings (03616.HK) announced that trading of the company's shares will be suspended from 9:00 a.m. today (2/4/2024).
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