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An announcement from China Tontine Wines Group ( (HK:0389) ) is now available.
China Tontine Wines Group Limited announced that it has fulfilled the resumption guidance set by the Hong Kong Stock Exchange following a prolonged suspension linked to delayed financial reporting. The company has now published all outstanding interim and annual results and reports for 2024 and 2025, and expects to release its audited 2025 financial statements by the 31 March 2026 deadline.
The auditor issued a qualified opinion on the 2024 financial statements, prompting the company to undertake remedial measures including an internal control review and legal action against former directors to mitigate losses. Based on completed audit procedures and internal control enhancements, the company expects no modified opinion on its 2025 annual report, paving the way for the resumption of trading in its shares and signalling improved governance and financial transparency for investors.
The most recent analyst rating on (HK:0389) stock is a Sell with a HK$0.40 price target. To see the full list of analyst forecasts on China Tontine Wines Group stock, see the HK:0389 Stock Forecast page.
More about China Tontine Wines Group
China Tontine Wines Group Limited is a Bermuda-incorporated company listed in Hong Kong and engaged in the wine business through its subsidiaries. The group focuses on the production and sale of wines, with operations including wine estates and related entities in mainland China that serve its regional market.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$129.7M
See more insights into 0389 stock on TipRanks’ Stock Analysis page.