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(Bloomberg) The clock is ticking for scores of Hong Kong-listed companies that could miss a deadline to post their 2020 earnings reports in coming days.
Mainland solar power maker GCL-Poly Energy Holdings Ltd. and Hainan Meilan International Airport Co., which operates an airport in China’s southernmost Hainan province, are among the more-than-40 Hong Kong-listed companies that are just days away from missing final deadlines to report their 2020 results.
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These companies have a combined market value of HK$146.8 billion ($18.9 billion), although most of them, apart from GCL and embattled state-owned debt-clearing agency China Huarong Asset Management Co Ltd., are small-caps.
By Reuters Staff
1 Min Read
SHANGHAI, April 16 (Reuters) - China Huarong Asset Management Co Ltd is operating normally and has adequate liquidity, the Shanghai Securities News reported on Friday, citing China’s banking and insurance regulator.
The China Banking and Insurance Regulatory Commission said Huarong is working with auditors to complete the audit of its 2020 annual report as soon as possible. The company will disclose information following the completion of the audit, the report said. (Reporting by Shanghai Newsroom; Editing by Toby Chopra)