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The Unraveling of Chemours: Material Weakness Causes Stock to PlummetThe Unraveling of Chemours: Material Weakness Causes Stock to Plummet

Chemours headquarters in Wilmington, Delaware, USA

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Chemours, traded on the NYSE under the symbol CC, witnessed a catastrophic decline of nearly 11% in after-hours trading on Wednesday. This nosedive occurred following the release of its long-awaited annual report, delayed twice, revealing a reduced loss for Q4 2023. The report unveiled unsettling news – an internal review exposing “material weaknesses” in its financial practices.

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