Independent Probe Flags Greatview Aseptic Flawed Accounting, Weak Controls

MT Newswires Live2025-10-03

Greatview Aseptic Packaging (HKG:0468) said an independent investigation found no sufficient basis for consolidating its international business following a 2024 restructuring and highlighted significant internal control weaknesses, according to a Thursday filing.

The probe by Grant Thornton also raised concerns over the carve-out of certain overseas units in transaction size tests, which may have been aimed at avoiding shareholder approval requirements.

It further cited inadequate disclosure of related-party transactions and undisclosed purchases of financial products, according to the filing.

The board accepted the findings, saying it will restate its 2024 financials, appoint an internal-control consultant, conduct a second-stage investigation, and pursue legal action to unwind parts of the restructuring.

Trading in Greatview shares, suspended since Feb. 19, remains halted until further notice.

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