Pinestone Capital Tightens Internal Controls and Shareholding Oversight After Independent Probe
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Pinestone Capital Ltd has announced the implementation of remedial measures following an independent investigation to enhance its governance and compliance framework. Key steps include adopting a new internal control policy for counterparty due diligence and tightening monitoring of its shareholding structure. The company will conduct bi-weekly reviews of share registrar reports and assign the company secretary to oversee these checks. The latest analyst rating for Pinestone Capital (HK:0804) is a Sell with a price target of HK$3.50.
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