Strong Petrochemical Holdings (HKG:0852) said the independent board committee (IBC) set up to investigate misconduct by the company's former management has appointed an accounting firm as the forensic investigator and Messrs. Kwong & Lee as the legal adviser to assist with the probe, a Friday bourse filing said.
The IBC will look into allegations of suspected misappropriation of the company's assets, non-compliance and misconduct involving directors and the former management.
IBC expects to finish the investigation in two to three months, after which the company will start its annual audit and will consider further actions based on the advice of the IBC.
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