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Sanxun Holdings Faces Delays in Financial Reporting Amid Staffing Challenges

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Sanxun Holdings Faces Delays in Financial Reporting Amid Staffing Challenges

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Sanxun Holdings Group Limited ( (HK:6611) ) has issued an update.

Sanxun Holdings Group Limited has announced a delay in publishing its financial results due to staffing shortages and the subsequent inability to provide necessary audit materials. The company is actively working to resolve these issues by recruiting new staff and enhancing collaboration between departments. Despite these efforts, certain audit procedures remain incomplete, including the confirmation of property sales revenue and costs, impairment testing for properties, and the collection of external confirmations. The company aims to publish its 2024 annual results by December 2025 and its 2025 interim results by early February 2026, although unforeseen issues may cause further delays.

More about Sanxun Holdings Group Limited

Sanxun Holdings Group Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 6611. The company, along with its subsidiaries, is involved in the real estate industry, focusing on property development and sales.

Technical Sentiment Signal: Sell

Current Market Cap: HK$31.07M

For detailed information about 6611 stock, go to TipRanks’ Stock Analysis page.

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