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Fu Shou Yuan International Group ( (HK:1448) ) has issued an update.
Fu Shou Yuan International Group has delayed publication of its audited 2025 annual results after its board and auditors identified issues involving certain cash withdrawals, disbursements, and procurement-related payment arrangements that require further investigation. As the probe continues and additional audit procedures are carried out, the company has decided not to release unaudited management accounts, citing concerns that incomplete figures could mislead shareholders and investors.
The delay in finalising the 2025 financials has also pushed back the release of the company’s 2025 annual report and sustainability report, and forced the postponement of a board meeting originally scheduled for 31 March 2026 to approve the results. Trading in the company’s shares remains suspended, and the company plans to announce new dates for the board meeting and the publication of its statutory reports once the investigation and audits are sufficiently advanced.
More about Fu Shou Yuan International Group
Fu Shou Yuan International Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the death care and funeral services sector through its subsidiaries. The group focuses on cemetery, funeral, and related memorial services in mainland China, positioning itself as a major market player in life memorial and burial services.
YTD Price Performance: -6.09%
Average Trading Volume: 14,058,754
Technical Sentiment Signal: Sell
Current Market Cap: HK$6.03B
For an in-depth examination of 1448 stock, go to TipRanks’ Overview page.