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Cirrus Aircraft Limited ( (HK:2507) ) has provided an announcement.
Cirrus Aircraft Limited announced a delay in publishing information regarding connected transactions related to the purchase of extended warranties for aircraft engines from Continental. This oversight was due to an unexpected increase in customer demand and delayed invoicing, leading to a failure to meet the reporting requirements under the Listing Rules. An internal control review identified minor deficiencies in the implementation of the company’s internal control system, specifically in the timely identification and reporting of connected transactions.
More about Cirrus Aircraft Limited
Cirrus Aircraft Limited, incorporated in the Cayman Islands, operates in the aviation industry, focusing on the production and sale of aircraft. The company, along with its subsidiaries, provides aircraft equipped with engines and related services, catering to customer demands for extended warranties on their products.
YTD Price Performance: 51.96%
Average Trading Volume: 4,336,729
Technical Sentiment Signal: Strong Sell
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