ALSCO Pooling Service Outlines HKEX Guidance for Trading Resumption
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ALSCO Pooling Service Co., Ltd. has announced guidance from the Hong Kong Stock Exchange regarding the resumption of trading in its H shares, which were suspended due to concerns over a RMB73 million term loan. The company must conduct an independent forensic investigation, assess the impact on its business, and take remedial actions to restore transparency. Additionally, ALSCO is required to demonstrate management integrity, commission an internal control review, publish outstanding financial results, and ensure compliance with listing rules to safeguard investor confidence before trading can resume.
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