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Xin Yuan Enterprises Group Ltd. ( (HK:1748) ) has provided an announcement.
Xin Yuan Enterprises Group Limited has appointed an independent legal adviser, forensic investigator, and internal control consultant to address allegations of financial misconduct and irregularities. This move aims to investigate claims related to off-balance sheet borrowings, share transfers, and construction contracts, potentially impacting the company’s financial statements and stakeholder trust.
More about Xin Yuan Enterprises Group Ltd.
Technical Sentiment Signal: Sell
Current Market Cap: HK$774.4M
Find detailed analytics on 1748 stock on TipRanks’ Stock Analysis page.