More Than 40 Hong Kong Stocks Stay Halted for Delaying Earnings
- Total value of suspended Hong Kong stocks worth $18.1 billion
- Among suspended stocks are GCL- Poly Energy and Asia Cement
Photographer: Justin Chin/Bloomberg
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More than 40 Hong Kong stocks worth a combined HK$140.9 billion ($18.1 billion) remain suspended from trading after failing to release their 2020 earnings, the highest number of such halts in at least five years.
The group is part of 51 companies that missed an initial reporting deadline for preliminary results by the end of March and were forced to suspend trading on April 1. Ten companies have since reported earnings and have resumed trading, including Hainan Meilan International Airport Co., an airport operator in the southern province of Hainan.