China s Huarong posts $24 5 million first-half profit after annual loss
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China Huarong to hold first 2021 extraordinary shareholder meeting in August
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China Huarong says cannot determine when it will publish 2020 earnings Reuters 9 hrs ago © Reuters/THOMAS PETER FILE PHOTO: The logo of China Huarong Asset Management Co is seen at its office in Beijing
SHANGHAI (Reuters) -China Huarong Asset Management Co Ltd said it cannot determine when it will publish its 2020 financial results, and proposed delaying its annual shareholder meeting, injecting fresh uncertainty into China s biggest bad-debt manager.
Huarong, in filings to the Hong Kong stock exchange late on Tuesday, also announced plans to sell stakes in a distressed asset exchange unit.
The firm, whose shares have been suspended from trade since April 1, said operations are normal and that it has been providing relevant information to auditors.