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Mayer Holdings Ltd. Faces Investigation Amid Allegations

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Mayer Holdings Ltd. ( (HK:1116) ) just unveiled an announcement.

Mayer Holdings Ltd. has been undergoing an investigation following allegations received in March 2023 regarding unauthorized disposal activities and potential manipulation of company shares by an alleged controller. The company’s trading remains suspended as the investigation, led by Grant Thornton, aims to address regulatory concerns about management integrity and restore market confidence.

More about Mayer Holdings Ltd.

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.83B

For detailed information about 1116 stock, go to TipRanks’ Stock Analysis page.

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