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Xinhua News Media Addresses Audit Issues with Subsidiary Disposal

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Xinhua News Media Addresses Audit Issues with Subsidiary Disposal

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Xinhua News Media Holdings Limited ( (HK:0309) ) has provided an announcement.

Xinhua News Media Holdings Limited has announced a supplemental update regarding its annual report for the year ending March 31, 2025. The company’s auditors issued a disclaimer of opinion due to inaccessible accounting records from certain subsidiaries, prompting an investigation and subsequent disposal of these subsidiaries. The disposal was completed with an independent third party for HK$300,000, aiming to resolve the audit issues and improve internal control measures.

More about Xinhua News Media Holdings Limited

Xinhua News Media Holdings Limited is a company incorporated in the Cayman Islands, operating with a focus on media and communications. The company, along with its subsidiaries, is involved in cultural communication and supply chain management through its sub-groups.

Average Trading Volume: 116,000

Technical Sentiment Signal: Hold

Current Market Cap: HK$94.62M

See more data about 0309 stock on TipRanks’ Stock Analysis page.

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