Hundreds of HK-listed firms file incomplete results, using virus rule exemptions [Reuters]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
Company Research
Source: Reuters
Hundreds of HK-listed firms file incomplete results, using virus rule exemptions HONG KONG, April 2 (Reuters) - More than a fifth of listed companies in Hong Kong that were required to publish audited results by March 31 delayed them, taking advantage of a relaxation of rules due to the coronavirus outbreak, figures from the city’s stock exchange show. A total of 372 companies published either preliminary results without auditors’ agreement or their management accounts, as allowed under the relaxed rules by the bourse and the regulator, the Securities and Futures Commission. In normal circumstances Hong Kong-listed companies with a December year-ending must publish preliminary results which have been agreed with their auditor by March 31, or have their shares suspended from trading. But widespread shutdowns imposed across China in February in a bid to stop the virus’ spread prevented auditors from visiting clients or reaching bankers and company officials to make the checks needed to
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