C TRANSMISSION(00658.HK): New Investigative Firm Appointed for Further Investigation and Comprehensive Internal Control Review
NewTimeSpace News: C Transmission (00658.HK) released an inside‑information announcement on 5 August 2026, disclosing the latest progress of further investigation and internal control review. The Company has appointed Grant Thornton to carry out further investigation into cash flows, key participants and potential conflicts of interest in relevant transactions, so as to identify any irregularities and internal control deficiencies. Launched in June 2026, the further investigation is expected to last 5 to 6 months.
Meanwhile, the Company will appoint internal‑control consultants to conduct a comprehensive internal control review by mid‑August 2026, covering 13 areas including discloseable transactions, connected transactions, financial assistance, conflict‑of‑interest management, fund management and contract management. Four recommendations regarding update of connected‑persons list, implementation of connected‑transaction regime, financial‑assistance policies and training for directors and senior management were identified in the previous internal control review, which are being actively adopted and implemented by the Company.
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