FilingReader Intelligence

DMEGC Magnetics reports no misappropriation of funds

March 11, 2025 at 05:16 PM UTCBy FilingReader AI

Hengdian Group DMEGC Magnetics (SZSE:002056) announced that its 2024 annual special audit revealed no instances of misappropriation of funds or other non-compliant related party transactions, assuring shareholders of the company's adherence to regulatory guidelines. The audit, conducted by Tianjian Certified Public Accountants, covered both consolidated and parent company financial statements, ensuring transparency in financial dealings. While no specific amounts for related party transactions were disclosed in the primary filing, a supplemental overview of related transactions involving several affiliated entities, including Hengdian Group Holding, DMEGC Germany, DMEGC Japan Corporation, as well as domestic subsidiaries, confirms the presence of normal business interactions with these entities, which were all deemed as operating and above board.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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