China Huarong Securities Unit Delays Release of 2020 Results
The China Huarong Tower, which houses the headquarters of China Huarong International Holdings, a unit of China Huarong Asset Management Co., center, in Hong Kong.
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Huarong Securities Co. delayed release of its 2020 annual results beyond an April 30 deadline as speculation swirls around the financial health of its parent, China Huarong Asset Management Co.
The firm said the postponement is due to a deal related to its parent company and reiterated that its operations are normal and all bonds are paid on time, according to an exchange filing late Friday. It will make repayments strictly according to the agreed time and manner, it said in the filing.