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The latest update is out from Transmit Entertainment Ltd. ( (HK:1326) ).
Transmit Entertainment Limited has announced further delays in publishing its 2024/2025 annual results and dispatching the corresponding annual report, as it still cannot obtain necessary financial and other information from its subsidiary Wenlan. The group has initiated legal proceedings in the Fengxian District People’s Court in Shanghai to secure these records, a dispute that has already led to a prolonged suspension of trading in its shares.
The company also disclosed it will miss the statutory deadlines for releasing its 2025/2026 interim results and interim report, putting it in continued non-compliance with Hong Kong Listing Rules. Management plans to update investors on new expected publication dates, but the extended reporting backlog and ongoing court process add uncertainty for shareholders and potential investors regarding the company’s financial position and resumption of trading.
The most recent analyst rating on (HK:1326) stock is a Hold with a HK$0.04 price target. To see the full list of analyst forecasts on Transmit Entertainment Ltd. stock, see the HK:1326 Stock Forecast page.
More about Transmit Entertainment Ltd.
Transmit Entertainment Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange. The group operates through various subsidiaries and is subject to Hong Kong’s Listing Rules and securities regulations, with its shareholder base relying on timely financial reporting and regulatory compliance for transparency.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$70.08M
For a thorough assessment of 1326 stock, go to TipRanks’ Stock Analysis page.