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Sirnaomics Ltd. ( (HK:2257) ) just unveiled an update.
Sirnaomics Ltd. has engaged Alvarez & Marsal Disputes and Investigations Limited to conduct an independent forensic investigation into a significant financial loss incurred by its subsidiary, Sirnaomics (Hong Kong) Limited. The investigation focuses on a $20 million investment in the TradArt Flagship Investment SPC Fund, which suffered a drastic drop in value to approximately $2 million. This unexpected loss prompted the formation of an Investigation Committee to uncover the reasons behind the decline and to evaluate the company’s investment monitoring processes.
More about Sirnaomics Ltd.
Sirnaomics Ltd. operates in the biotechnology industry, specializing in RNAi therapeutic products. The company is involved in the development and commercialization of innovative RNA interference therapies aimed at addressing unmet medical needs.
YTD Price Performance: -11.56%
Average Trading Volume: 229,849
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$321.8M
Find detailed analytics on 2257 stock on TipRanks’ Stock Analysis page.
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