According to the Zhitong Finance App, Baosha Development (01069) issued an announcement regarding the delay in publishing the audited results for the 18 months ended June 30, 2021 (2021 annual results). The auditor requires additional time to carry out and complete their review work, including but not limited to field visits to plantations, interviews with relevant personnel, and implementation of follow-up review procedures for 2021 annual results.
As revealed in the company's previous announcement, a potential investor expressed to the company his strong intention to act as the White Knight, and has provided some temporary funding to maintain the company's operations.
The company is working closely with the auditors to provide them with all the required data and documents to complete the review process as soon as possible. As a result, publication of the 2021 annual results will be further delayed. The company's stock trading continues to be suspended.