Changes in Hong Kong stocks | China General Education (02175) resumed trading and opened more than 50% lower, and the company suspended trading for nearly two years before delaying publication of multi-year results

The Zhitong Finance App learned that China General Education (02175) resumed trading more than 50% lower. As of press release, it had a decrease of 50.8% to HK$1.53, with a turnover of HK$120,900.

According to the news, China General Education issued an announcement stating that it has met the requirements for the resumption of trading guidelines, which mainly include: conducting an appropriate independent investigation, publishing the results and taking appropriate remedial action on allegations relating to the company's initial public offering subscription and the use of proceeds; publishing all undisclosed financial results and handling any audit revisions; and carrying out independent internal control reviews to prove that the company has sufficient internal controls and procedures to fulfill its responsibilities under the listing rules.

According to reports, China General Education will be suspended from November 29, 2022. China General Education announced in April this year that the company is still working hard to prepare for the full year of 2022 results, the 2023 interim results, and the full year results of 2023. The company will continue to work closely with the company's auditors to implement and publish unpublished financial results, and send the 2022 Annual Report, 2023 Interim Report and 2023 Annual Report as soon as possible. In view of the above, the 2024 interim results will not be published within the time specified in the listing rules.