Hong Kong Regulators Warn of Reinstating Trading Suspensions for Distressed Listed Firms
Hong Kong’s financial watchdogs, including the Accounting and Financial Reporting Council, the Securities and Futures Commission, and Hong Kong Exchanges & Clearing Ltd., issued a joint statement Thursday warning they may reverse a rule that currently allows listed companies to keep trading even when auditors cast doubt on their ability to survive. They threatened to reinstate trading suspensions for firms that receive a “disclaimer of opinion solely relating to going concern.”
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