On March 25, Powerlong Real Estate (01238.HK) and Powerlong Commercial (9909.HK) both announced on the Hong Kong Stock Exchange that PricewaterhouseCoopers has resigned as the company’s auditor, and will be effective from March 2022. Effective from the 24th. After considering the recommendation of the company’s audit committee, the board of directors has resolved to approve the appointment of Kaiyuan Xinde Certified Public Accountants Co., Ltd. as the company’s new auditor.
The announcement stated that the group was unable to reach a consensus with PricewaterhouseCoopers on a mutually acceptable timetable to complete the review of the group’s annual results for the year ending December 31, 2021.
On the same day, Sunshine 100 China (02608.HK) also announced the delayed financial report. The announcement stated that due to the epidemic prevention and control measures, changes in the company’s personnel and the overall downward trend of China’s real estate industry, the preparation of the group’s financial statements for 2021 has not been completed. The company will delay the publication of the preliminary results announcement for 2021 approved by the auditors.
According to the reporter’s incomplete statistics, as of now, the real estate companies that have postponed the release of financial reports include Xinli Holdings, Ronshine China, Ronshine Services, Shimao Group, Shimao Services, Sunac China, China Evergrande, Evergrande Property, Evergrande Automobile, There are 16 companies including Jingye Mingbang, Kaisa, Mingfa Group, Powerlong Real Estate, Powerlong Commercial, Sansheng Holdings, and Sunshine 100 China.
Source of cover image: Photo Network-500643987
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