Vestand Inc. Warns Investors Not to Rely on Past Financial Statements

Reuters

Nov 01, 2025

<a href="https://laohu8.com/S/VSTD">Vestand Inc.</a> Warns Investors Not to Rely on Past Financial Statements

Vestand Inc. has announced that its previously filed financial statements, covering multiple periods from 2021 through mid-2025, should not be relied upon due to significant inaccuracies and inconsistencies identified by an independent accounting firm, Oh & Chung LLP. The company's board, following an audit committee review, cited issues including fictitious or improperly recorded liabilities, unauthorized securities issuances, and problematic intercompany loans. Vestand is preparing restated financial statements for submission to the SEC and is considering legal action and compensation clawbacks from executives involved in the matter. The timing for the restated filings has not yet been determined.

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. Vestand Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-020411), on October 31, 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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Warns Investors Not to Rely on Past Financial Statements","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/VSTD\">Vestand Inc.</a> Warns Investors Not to Rely on Past Financial Statements\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Vestand Inc. has announced that its previously filed financial statements, covering multiple periods from 2021 through mid-2025, should not be relied upon due to significant inaccuracies and inconsistencies identified by an independent accounting firm, Oh &amp; Chung LLP. The company's board, following an audit committee review, cited issues including fictitious or improperly recorded liabilities, unauthorized securities issuances, and problematic intercompany loans. 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Warns Investors Not to Rely on Past Financial Statements\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-01 04:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/VSTD\">Vestand Inc.</a> Warns Investors Not to Rely on Past Financial Statements\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Vestand Inc. has announced that its previously filed financial statements, covering multiple periods from 2021 through mid-2025, should not be relied upon due to significant inaccuracies and inconsistencies identified by an independent accounting firm, Oh &amp; Chung LLP. 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ID: 0001493152-25-020411), on October 31, 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":"VSTD","symbol_name":"Vestand Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251031:nNDL6fLnQd:1","article_id":"2580419598","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580419598","pubTimestamp":1761943886,"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":"Vestand Inc. has announced that its previously filed financial statements, covering multiple periods from 2021 through mid-2025, should not be relied upon due to significant inaccuracies and inconsistencies identified by an independent accounting firm, Oh & Chung LLP. 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