China Sports halts share trading after busting audit deadline
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
CHINA Sports International said that it will suspend its shares after revealing that it has yet to begin its annual audit almost five months after its fiscal year-end, and that its independent directors have not been able to ascertain the company's state of affairs.
Trading in its stock was halted before the announcement was made on Monday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result