Allegro Culture Ltd. Reports Surge in Advertising Revenue Amid Continued Suspension of Trading

Reuters
Sep 30
<a href="https://laohu8.com/S/00550">Allegro Culture</a> Ltd. Reports Surge in Advertising Revenue Amid Continued Suspension of Trading

Allegro Culture Limited has provided a quarterly update regarding its business operations and resumption progress, while confirming that trading in its shares on the Hong Kong Stock Exchange remains suspended since April 2, 2024. The company cited ongoing issues related to the delayed completion of the 2023 audit and publication of the 2023 annual results. Following the resignation of its previous auditor in May 2024, a new auditor was appointed in June 2024. In recent months, Allegro Culture established an Independent Investigation Committee and engaged an Independent Forensic Investigator to address concerns raised in the resumption guidance issued by the Stock Exchange. The company has also disclosed the key findings from both the forensic investigation and an internal control review. Annual results for the years ending December 31, 2023, and 2024 have now been published, addressing prior delays. Despite these developments, the company's shares will remain suspended until further notice. Allegro Culture has advised shareholders and potential investors to exercise caution in dealing with its securities. The board currently comprises a mix of executive, non-executive, and independent non-executive directors, with Gan Peng serving as Executive Director and CEO.

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. Allegro Culture Ltd. published the original content used to generate this news brief on September 30, 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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10