Clear Media (0100): more on the theft
Company announcement, 8-Feb-2018
The company now says that the theft, or "misappropriation" occurred mainly in the years prior to 2017 - so that implies that the auditors had failed to detect it in those years. Several employees are now under investigation by police.

• Topics
  • Corporate governance - general

Clear Media (0100): RMB76m theft
Company announcement, 3-Jan-2018
An employee in the group's PRC finance department has admitted to illegal "misappropriation" of funds from one bank account.

• Topics
  • Corporate governance - general