and ST HD Co., Ltd. (the "Company," "we") announced that we have identified misappropriation of funds (the "Incident") by a former employee of our consolidated subsidiary, zetton, inc. ("zetton"). The employee was responsible for the finance and accounting division while employed at zetton.
We take this matter very seriously and apologize sincerely for the considerable inconvenience and concern caused to our customers, investors, clients, and other related parties.
* Details of the above release can be viewed in PDF file.
Notice Regarding Misappropriation of Funds by Former Employee of Consolidated Subsidiary