Trading Suspensions Proposed by HKEx for Auditor Disclaimers and Adverse Opinions

The Stock Exchange of Hong Kong (HKEx) is proposing a new Listing Rule to require suspension of trading in the securities of a listed issuer that publishes a preliminary results announcement for which the auditor issued (or indicated it will issue) a disclaimer on opinion or adverse opinion. The proposal is set out in HKEx’s “Consultation Paper: Proposal Relating to Listed Issuers with Disclaimer or Adverse Audit Opinion on Financial Statements”. The deadline for responding to this consultation is 30 November 2018.Read More…