China Huarong says cannot determine when it will publish 2020 earnings | The Edge Markets

– A + A SHANGHAI (June 30):à‚ Chinaà‚ Huarongà‚ Asset Management Co Ltd said it cannot determine when it will publish its 2020 financial results, and proposed delaying its annual shareholder meeting, injecting fresh uncertainty into China’s biggest bad-debt manager. Huarong, in filings to the Hong Kong stock exchange late on Tuesday, also announced plans to sell stakes in a distressed asset exchange unit. The firm, whose shares have been suspended from trade since April 1, said operations are normal and that it has been providing relevant information to auditors. “However, given that the relevant transaction of the Company has…