Huscoke Holdings Faces Audit Disclaimer Over Unapproved Loan Transactions and Compliance Concerns

Reuters

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Huscoke Holdings Faces Audit Disclaimer Over Unapproved Loan Transactions and Compliance Concerns

Huscoke Holdings Ltd. has announced an accounting issue involving unauthorized loan transactions conducted by directors and management of one of its subsidiaries. These transactions involved providing loans and guarantees to a minority shareholder without board approval, with funds eventually transferred to Energy Technology. The company's auditor issued a disclaimer of opinion on the FY2020 and FY2021 results due to insufficient audit evidence regarding the recoverability of receivables tied to these transactions. Consequently, the Stock Exchange has issued resumption guidance requiring the company to investigate the transactions, demonstrate compliance with Rule 13.24, and address the auditor's concerns. The company is reviewing the situation and considering requesting a review of the decision by the Listing Committee. Shareholders are advised to exercise caution.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huscoke Holdings Ltd. published the original content used to generate this news brief on September 08, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Huscoke Holdings Ltd. published the original content used to generate this news brief on September 08, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00704","symbol_name":"和嘉控股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250907:nNDL8dh3gB:1","article_id":"2565357840","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565357840","pubTimestamp":1757289357,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Huscoke Holdings Ltd. has announced an accounting issue involving unauthorized loan transactions conducted by directors and management of one of its subsidiaries. These transactions involved providing loans and guarantees to a minority shareholder without board approval, with funds eventually transferred to Energy Technology. The company's auditor issued a disclaimer of opinion on the FY2020 and FY2021 results due to insufficient audit evidence regarding the recoverability of receivables tied to these transactions. Consequently, the Stock Exchange has issued resumption guidance requiring the company to investigate the transactions, demonstrate compliance with Rule 13.24, and address the auditor's concerns. The company is reviewing the situation and considering requesting a review of the decision by the Listing Committee. Shareholders are advised to exercise caution.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT striv","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00704":"和嘉控股","BK1178":"煤与消费用燃料"},"translate_title":"Huscoke Holdings因未经批准的贷款交易和合规问题面临审计免责声明","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00704":0.9},"content_text":"Huscoke Holdings Faces Audit Disclaimer Over Unapproved Loan Transactions and Compliance Concerns\n    \n\n        Huscoke Holdings Ltd. has announced an accounting issue involving unauthorized loan transactions conducted by directors and management of one of its subsidiaries. These transactions involved providing loans and guarantees to a minority shareholder without board approval, with funds eventually transferred to Energy Technology. The company's auditor issued a disclaimer of opinion on the FY2020 and FY2021 results due to insufficient audit evidence regarding the recoverability of receivables tied to these transactions. 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