ZHUGUANG HOLD (01176) Delays Publication of Full-Year 2025 Results, Anticipates Trading Halt from April 1

Stock News
Mar 19

ZHUGUANG HOLD (01176) announced that, as of the date of this announcement, the company's independent valuer and auditor have been unable to complete their respective valuation and audit work for the 2025 fiscal year. This includes, but is not limited to, the following areas: investment properties, properties under development, and completed properties held for sale; the assessment of expected credit losses on trade receivables and other receivables; the investment in an associate, namely Silver Grant International Holdings Group Limited (listed on the Main Board of the Stock Exchange, stock code: 0171); and audit confirmations for several significant items contained in the Group's consolidated financial statements. Consequently, the year-end financial statement closing process and audit procedures may be delayed, and the auditor may not be able to complete all audit work related to the Group as scheduled. Under Rule 13.49(1) of the Listing Rules, the full-year results for 2025 are likely not to be published by March 31, 2026. The company and its auditor have reached a consensus, expecting to announce the Group's full-year 2025 results (based on the Group's financial statements for the 2025 fiscal year) within April 2026. According to Rule 13.50 of the Listing Rules, if an issuer fails to publish periodic financial information as required by the Listing Rules, the Stock Exchange will typically require a suspension of trading in the issuer's securities. This suspension will generally remain in effect until the issuer publishes an announcement containing the necessary financial information in compliance with the Listing Rules. As the full-year 2025 results are not expected to be published by March 31, 2026, the company's shares are anticipated to be suspended from trading on the Main Board of the Stock Exchange starting at 9:00 a.m. on Wednesday, April 1, 2026, until the publication of the full-year 2025 results.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10