SECP initiates action over SE Fruits IPO disclosures, calls for stronger audit oversight

The Securities and Exchange Commission of Pakistan (SECP) said on Friday it was initiating regulatory action over material discrepancies identified in the initial public offering prospectus of SE Fruits and Vegetable Limited. The regulator said the disclosures in question were based on information contained in the company’s audited financial statements. It is reviewing the IPO

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