China Tontine Wines Group (HK:0389) has released an update.
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China Tontine Wines Group is grappling with the delayed publication of its 2024 interim results due to the abrupt resignation and non-cooperation of former directors, leaving the current board struggling to gather crucial financial documents. Despite their efforts, the board has only received limited information from the group’s subsidiaries, affecting the company’s trading status. Investors are closely monitoring the situation as the company works to resolve these issues and resume trading.
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