Nov 12 (Reuters) - Phoslock Environmental Technologies Ltd (PET) :
- MARKET UPDATE-PET.AX
- CONSIDERING NEXT STEPS AFTER INVESTIGATION INTO ACCOUNTING IRREGULARITIES RELATING TO CHINA OPERATIONS
- COMMENCED COMPREHENSIVE & SYSTEMATIC REVIEW OF ALL CURRENT CHINA CONTRACTS AND CONTRACTUAL ARRANGEMENTS WITH THIRD PARTIES
- CONFIRMS IT IDENTIFIED FRAUDULENT ACTIVITY RELATING TO AREAS INCLUDING FALSE ACCOUNTING & FALSIFICATION OF INVOICES & SERVICE CONTRACTS
- COMMENCED RESTRUCTURING OF ORGANISATION IN CHINA
- COMMISSIONED INDEPENDENT MARKET REVIEW OF WATERWAYS REMEDIATION MARKET IN CHINA
- ALL CO'S OPERATIONS & ASSETS OUTSIDE OF CHINA UNAFFECTED BY THESE MATTERS, INCLUDING SIGNIFICANT CASH RESERVES ON DEPOSIT IN AUSTRALIA
- CONTINUES TO INVESTIGATE & CONSIDER RIGHTS FOR PURSUING LEGAL ACTION AGAINST INDIVIDUALS, ENTITIES FOUND INVOLVED IN FRAUDULENT ACTIVITY
News: PET Phoslock Environmental Technologies Confirms It Identified Fraudulent Activity At China...
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