This co. was listed in SGX until few years ago:
China firm to investors: a thief took my financial statements
A troubled Chinese company has found a novel excuse for continuing to delay publishing its annual results, telling investors that a thief stole all its financial records for the last four years.
SHANGHAI: A troubled Chinese company has found a novel excuse for continuing to delay publishing its annual results, telling investors that a thief stole all its financial records for the last four years.
Hong Kong-listed China Animal Healthcare, which makes vaccinations and other drugs for livestock and poultry, said a truck carrying all its original financial documents for the period was stolen while the driver took a lunch break.
The "Lost Documents", as the company referred to them in a statement to the Hong Kong stock exchange, are at the centre of a forensic accounting investigation after China Animal Healthcare delayed releasing its 2014 annual results in March and auditors refused to sign them off.
Trading in its shares has been suspended for nine months because of the dispute.
"The board...of directors...of the Company wishes to inform the shareholders of the Company... that on Dec 4, 2015, a truck of the Group... loaded with, among other things, all original financial documents of the Group for the four financial years ended Dec 31, 2014 and for the current year... were stolen," the statement said.
"According to the local public security bureau, thefts such as the incident are common occurrence" in the Qingyuan area where the alleged crime took place, it added.
Source: Channel NewsAsia
Source: Channel NewsAsia