Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline
Bloomberg News, 01 April 2021
Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.
GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management Co. were among the firms that announced a trading halt. GCL-Poly said additional time is required to complete its audit procedures while Huarong said it will delay delivering its earnings as it seeks to complete a transaction. While it’s not uncommon for some companies in Hong Kong to have to suspend trading on April 1, the number this year compares with at least 9 last year and 25 in 2019. Continue reading “Article: Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline”
