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BRIEF-TCP says announces completion of audit committee investigation
2016年10月5日 / 晚上8点52分 / 1 年前

BRIEF-TCP says announces completion of audit committee investigation

Oct 5 (Reuters) - TCP International Holdings Ltd

* Audit committee concluded co’s historical financial statements omitted compensation cost received by employees directly from ellis yan

* Actions of chairman and vice-chairman, in failing to adhere to co’s policies were inconsistent

* Says audit committee is evaluating remedial actions to address this material weakness

* Says company announced increase and extension of its credit agreement with pnc bank

* Tcp announces completion of audit committee investigation, extension of nyse deadline and amendment of credit agreement

* Committee concluded financial statements omitted related party disclosures related to deals with entities owned or influenced by solomon yan Source text for Eikon: Further company coverage:

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