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Tian Yuan Group Holdings Ltd. ( (HK:6119) ) has issued an announcement.
Tian Yuan Group Holdings has warned investors that it will miss the 31 March 2026 deadline to publish audited results for the year ended 31 December 2025, after its auditor PricewaterhouseCoopers raised concerns over the group’s asphalt trading business. The auditor has questioned the commercial rationale, counterparties and potential related-party aspects of certain asphalt transactions, prompting the board and audit committee to initiate an independent investigation and engage external investigators.
Because additional time is needed to complete this probe and the related audit work, the company cannot provide a new timetable for releasing its 2025 results and has decided not to issue unaudited figures it believes may not accurately reflect its financial position. The delay will also likely push back the dispatch of the 2025 annual report beyond the 30 April 2026 deadline, putting Tian Yuan in non-compliance with Hong Kong Listing Rules and extending the ongoing suspension of trading in its shares, heightening uncertainty for shareholders and potential investors.
The most recent analyst rating on (HK:6119) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tian Yuan Group Holdings Ltd. stock, see the HK:6119 Stock Forecast page.
More about Tian Yuan Group Holdings Ltd.
Tian Yuan Group Holdings Ltd. is a Hong Kong-listed company engaged in, among other activities, asphalt trading, operating through a group structure with subsidiaries. Its shares are traded on the Main Board of the Stock Exchange of Hong Kong, and its financial reporting is governed by Hong Kong listing and securities regulations.
Average Trading Volume: 100,727
Technical Sentiment Signal: Hold
Current Market Cap: HK$264M
See more data about 6119 stock on TipRanks’ Stock Analysis page.