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FAR International Addresses Compliance Lapse with Remedial Measures

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FAR International Addresses Compliance Lapse with Remedial Measures

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An update from FAR International Holdings Group Company Limited ( (HK:2516) ) is now available.

FAR International Holdings Group Company Limited has issued a supplemental announcement regarding its recent non-compliance with the Hong Kong Listing Rules due to a delay in announcing pre-sale contracts for property acquisitions in Hangzhou, China. The company is implementing remedial measures to prevent future occurrences, including providing training to staff on transaction identification and compliance, strengthening reporting procedures, and arranging ongoing legal and regulatory training for directors and management.

The most recent analyst rating on (HK:2516) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on FAR International Holdings Group Company Limited stock, see the HK:2516 Stock Forecast page.

More about FAR International Holdings Group Company Limited

Average Trading Volume: 959,666

Technical Sentiment Signal: Sell

Find detailed analytics on 2516 stock on TipRanks’ Stock Analysis page.

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