Allegro Culture Ltd. Reports Surge in Advertising Revenue Amid Continued Suspension of Trading
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Allegro Culture Ltd. reported a surge in advertising revenue but continues to face trading suspension on the Hong Kong Stock Exchange since April 2, 2024, due to audit delays. A new auditor was appointed after the previous one resigned, and an Independent Investigation Committee was established to address concerns. The company has published its annual results for 2023 and 2024, yet shares remain suspended. Shareholders are advised to exercise caution in dealing with the company's securities.
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