China Rerun Chemical Group Ltd Statement of China Rerun Chemical Group Ltd (7720B)
October 09 2015 - 2:46AM
UK Regulatory
TIDMCHRR
RNS Number : 7720B
China Rerun Chemical Group Ltd
09 October 2015
The announcement dated 6th October 2015 was NOT authorized
and/or issued by the Company.
And the Board disagree to the announcement as follows:
1. "As part of its ongoing review of the Group's systems and
controls": The Company has not been contacted by our resigned NED
Nick Lyth and Nomad CAIRN on any system and control reviews since
it was listed on 16(th) Oct. 2013.
2. " Cairn Financial Advisers LLP requested the Group to
commission an independent review": The Board understand that CAIRN
has been questioned by AIM (Relevant email has been sent to our
NEDs on 11(th) Sept. 2015), mainly on 2014 year end result
announcement, which was released on 27(th) Feb. 2015 -Why no
qualified opinion and related party transactions were disclosed? We
consider this is Nomad's negligent rather than our problem.
3. "The Board of the Group did not wish to proceed with this
review": The Board didn't reject this suggestion and never reject
any system improvement as longer as it is reasonable and necessary.
We only received CAIRN's suggestion on 1(st) Oct. 2015 (Thursday
afternoon) to appoint an independent reviewer by following Monday
5(th) Oct. 2015, this was during Chinese National Holiday period
(From 1(st) Oct. 2015 to 7(th) Oct. 2015). Also, CAIRN has
requested extra 25,000 fees in this case.
We reserve the right to claim any damage of our business and
reputation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMFSMSMUFISELS
(END) Dow Jones Newswires
October 09, 2015 02:46 ET (06:46 GMT)
China Rerun (LSE:CHRR)
Historical Stock Chart
From Sep 2024 to Oct 2024
China Rerun (LSE:CHRR)
Historical Stock Chart
From Oct 2023 to Oct 2024