Harry Potter Licensee Boshiwa Plunges as Auditor Quits
This article is for subscribers only.
Boshiwa International Holding Ltd., the Chinese maker of children’s apparel that has a license for the Harry Potter brand, said Deloitte Touche Tohmatsu resigned as its auditor because of a lack of financial information. The shares plunged by a record.
Some information requested by Deloitte is “outstanding or explanations provided by the company’s management are not to their satisfaction,” Boshiwa said, citing the auditor. Boshiwa said it will delay publishing its annual results, according to a statement to Hong Kong’s stock exchange today.