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Xiwang Property Holdings Co., Ltd. ( (HK:2088) ) has shared an update.
Xiwang Property Holdings has issued a quarterly update on its protracted trading suspension in Hong Kong, revealing continued delays in publishing its 2024 annual results, annual report and 2025 interim results as it collects data, consults legal and audit advisers, and assesses the impact of litigation on its financial and legal position. The company says it cannot yet provide a timetable for releasing these overdue financial reports and has also not appointed firms to conduct the independent forensic investigation and internal control review requested by the Stock Exchange, nor has it filled the vacant company secretary role, which leaves it in breach of Listing Rule 3.28; while the group stresses that operations remain normal, the unresolved compliance, governance and disclosure issues prolong uncertainty for shareholders and potential investors and hinder progress toward resumption of trading in its shares.
More about Xiwang Property Holdings Co., Ltd.
Xiwang Property Holdings Company Limited is a Bermuda-incorporated investment holding company primarily engaged in property development, the provision of property management services and trading of construction materials in China. Despite the ongoing suspension of trading in its shares on the Hong Kong Stock Exchange, the group reports that its underlying business operations are continuing as usual in all material respects.
YTD Price Performance: 40.74%
Technical Sentiment Signal: Sell
Current Market Cap: HK$53.53M
For detailed information about 2088 stock, go to TipRanks’ Stock Analysis page.