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China Tianrui Cement (01252): Applies to continue the suspension of trading and awaits announcement of insider information and valuation results.
Kingwo Financial News | china tianrui (01252) announces that, as disclosed in the interim announcement on November 29, 2023, the mid-term performance for 2024 is still pending realization, and there may be further significant changes and accounting adjustments, including changes made based on impairment assessments from valuers. Therefore, the company believes that the asset impairment and bad debt provision figures assessed by an independent professional valuer constitute inside information, which must be disclosed in accordance with the provisions of the inside information regulations (Hong Kong Legislation Chapter 571). The company believes it is necessary to hire a reputable and independent professional valuer to assess the fair value of the equity in associates as well as asset impairments and bad debt provisions.
china tianrui (01252.HK) interim performance still needs to be implemented, continuing suspension.
China Tianrui Cement (01252.HK) announced that the mid-term performance for 2024 is still pending implementation, with possible further significant changes and accounting adjustments, including adjustments based on the valuation expert's impairment assessment. China Tianrui Cement explained that it is necessary for the company to engage reputable and independent professional valuation experts to comprehensively assess the fair value of equity interests in joint ventures, as well as the integrity of data related to asset impairment and bad debt provisions. In addition, as the company requires more time to further confirm details and still hopes to determine certain insider information, it has applied to the Stock Exchange to continue the suspension of trading in its shares pending further announcement.
China Tianrui Cement Extends Share Suspension for Valuation
CHINA TIANRUI: INSIDE INFORMATION UPDATE ON PUBLICATION OF 2024 INTERIM RESULTS
The interim net profit of Tianrui Cement (01252.HK) is 28.29 million yuan, a decrease of 81.2%, and no dividend will be distributed.
china tianrui (01252.HK) announced its interim performance for the six months ending in September, with revenue of 2.584 billion RMB (same below), a decrease of 35.4% year-on-year. Net profit recorded 28.29 million yuan, a decrease of 81.2%, earnings per share of 1 fen. No interim dividends declared.
China Tianrui Cement Reports Steep Profit Decline
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