Xiwang Property issues quarterly resumption update; financial reports and governance reviews remain pending

Bulletin Express
Mar 31

Xiwang Property Holdings Company Limited on 31 March 2026 released its latest quarterly update on the status of trading resumption, confirming that its shares (suspended since 31 March 2025) will remain halted until all resumption conditions set by The Stock Exchange of Hong Kong are met.

Financial reporting timeline • The 2024 annual results, 2024 annual report, 2025 interim results and 2025 annual results have not yet been finalised. • Management is still gathering information, consulting legal advisers and auditors, and assessing the impact of ongoing litigation. • No timetable can currently be provided for publication of the outstanding financial statements.

Independent reviews • Forensic investigation: the company is in discussions with third-party providers but has not yet appointed an investigator. • Internal control review: negotiations with external parties are under way; no firm has been engaged to date.

Corporate governance • The post of company secretary remains vacant, constituting a breach of Listing Rule 3.28. The board continues to search for a suitable candidate.

Operations The group’s property development, property management and construction-materials trading businesses in China are reportedly operating “as usual in all material respects.”

Trading status Shares will stay suspended until all resumption guidance is satisfied, the underlying issues are remedied and full compliance with the Listing Rules is achieved. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

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