Macau Legend Development Limited says there may be a delay in the release of its audited annual results for the year ended 31 December 2021, as the group is currently unable to finalise its consolidated financial statements

Macau Legend Development Limited says in that respect may live a detain inwards the resign of its audited annual results for the twelvemonth ended 31 December 2021, as the chemical group is currently unable to finalise its consolidated financial statements.

The group stated that the postponement is due to the go restrictions and quarantine measures amid the on-going Covid-19 pandemic, which “inevitably brings difficulties to the financial reporting and integration unconscious process of the company’s operations.”

Macau Legend Development noted that it will require additional time to nail the process, and so it may not live able to issue its 2021 one-year results on or before 31 March 2022.

Under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the chemical group testament follow required to debar trading if it fails to put out the results inward time.

“Pursuant to Rule 13.50 of the Listing Rules, The Stock Exchange of Hong Kong Limited testament commonly require abatement of trading inward an issuer’s securities if an issuer fails to put out periodic financial selective information inward accordance of rights with the Listing Rules, and the reprieve will ordinarily remain in force until the issuer publishes an annunciation containing the requisite financial information,” a statement from Macau Legend Development read.

“Accordingly, trading inwards the shares of the companion on the Stock Exchange is currently expected to follow suspended with core from 9:00 a.m. on 1 Apr 2022 until the publishing of the declaration inwards recounting to the 2021 annual results by the company.”

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