The Hong Kong Securities Regulatory Commission, the Financial Services Council and the Stock Exchange issued a joint statement today to address regulatory concerns raised by the increasing number of cases of listed issuers' financial statements being “unable to express an opinion” due solely to continuing management issues. The Hong Kong Securities Regulatory Commission, the Financial Services Council and the Stock Exchange will continue to closely monitor the situation. If misconduct or irregularities are discovered, appropriate supervisory, disciplinary or enforcement actions will be taken. If there is no significant improvement in the situation, the Exchange will consider amending the Listing Rules as needed, including requiring that listed issuers whose financial statements contain financial statements that are unable to express an opinion solely due to continuing operations issues must be suspended.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.