China Tianrui Group Cement Co., Ltd. (HK:1252) has released an update.
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China Tianrui Group Cement Co., Ltd. has announced a delay in publishing its 2024 interim results due to discrepancies between unconfirmed financial data and publicly disclosed information of its associated company. The associated company has not confirmed its financial information for the first half of 2024, hindering Tianrui Cement’s ability to conduct a necessary asset impairment test and affecting its investment recognition. Despite attempts to reconcile these differences, the associated company has not cooperated with Tianrui Cement’s requests for a special audit.
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