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Tianjin Capital Addresses Internal Control Breach in Construction Project

Story Highlights
  • Tianjin Capital Environmental Protection Group Co breached internal controls in a connected transaction.
  • The company is improving internal controls after a subsidiary’s oversight in reporting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tianjin Capital Addresses Internal Control Breach in Construction Project

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The latest announcement is out from Tianjin Capital Environmental Protection Group Co ( (HK:1065) ).

Tianjin Capital Environmental Protection Group Co announced a breach of internal control procedures regarding a connected transaction related to the ‘Tientsin Eye’ construction project. The breach was due to inadequate management and high staff turnover at its subsidiary, Tianchuang Environmental, which failed to report the transaction to the company’s board. The company has since taken remedial actions to improve its internal controls to prevent future non-compliance.

More about Tianjin Capital Environmental Protection Group Co

Tianjin Capital Environmental Protection Group Co is a company based in the People’s Republic of China, operating in the environmental protection industry. The company focuses on environmental projects and services, including construction and management of environmental protection facilities.

Average Trading Volume: 587,034

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$8.94B

Learn more about 1065 stock on TipRanks’ Stock Analysis page.

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