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Dozens of Hong Kong firms halted after missing earnings deadline

Bloomberg4/1/2022 12:09 PM GMT+08  • 4 min read
Dozens of Hong Kong firms halted after missing earnings deadline
This earnings season had been expected to be the worst in a decade for Chinese developers / Bloomberg
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Trading in 33 Hong Kong-listed stocks was halted on Friday after a number of firms missed a deadline to report annual results, adding another layer of uncertainty to a market that’s trying to recover from a recent low.

Troubled Chinese developers including Sunac China Holdings and Shimao Group Holdings were among the stocks suspended. China Aoyuan Group said publishing unaudited results at this stage could “potentially be misleading to the shareholders and potential investors.” This year’s number compares with 57 for 2021 and at least nine for 2020.

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