This report categorizes the companies as below based on their outstanding issues and the Listing Rules requirements.
- Companies that are in severe financial difficulties and/or have ceased to maintain sufficient operations and are in delisting procedure (PN 17 companies);
- Companies which have identified irregularities and/or are under regulatory investigation;
- Companies which have failed to publish financial results and/or identified material internal control weaknesses
Shipbuilder Rongsheng reports 3.8 billion yuan in negative revenue
Tuesday, 31 March, 2015, 9:23am
Embattled shipbuilder China Rongsheng Heavy Industries reported 3.8 billion yuan (HK$4.7 billion) in negative revenue for last year, and a precarious balance sheet with 18.2 billion yuan in borrowings immediately payable. Continue reading
(555) Rexlot: REXLot Holdings Limited issued profit warning for the year ended 31 December 2014 due to impairment loss of goodwill and intangible assets, which relate to the Group’s operating unit engaged in the internet lottery distribution services in China. The board has resolved to deconsolidate the PRC Company and treat it as a long term investment of the Group. The PRC Company will be reclassified as an available-for-sales financial asset in the Group’s consolidated management accounts from 1 January 2014 onwards. The Board has therefore resolved to reclassify the PRC Company as an available-for-sales financial asset from 1 January 2014 onwards rather than to make corresponding adjustments.
Hanergy TFP posts strong profits, says parent failed to deliver ordered solar panels
Monday, 30 March, 2015, 10:12pm
Eric Ng firstname.lastname@example.org
Parent’s inability to supply solar panels adds to concerns about sustainability of profit increase
Hanergy Holding, the hydro-to-solar power investment flagship of the mainland’s richest person Li Hejun, failed to deliver solar panels its listed unit Hanergy Thin Film Power ordered in 2013 and was forced to refund HK$1.26 billion of prepayments. Continue reading