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EMPEROR INT'L Plummets 15% in Early Session on $16.6B Bank Loan Default; Auditor Issues No Opinion
2025-06-30 09:34:43 EMPEROR INT'L (00163.HK) disclosed in its annual results for the year ended March that, as of the end of March, its bank borrowings with carrying amounts of $16.605 billion have become overdue or the Group has breached certain terms, indicating a default. The banks may request immediate repayment of these bank borrowings (Call Loan). Accordingly, these bank borrowings have been classified as current liabilities. The Group did not respond to media inquiries. The event may cast significant doubt on the Group's ability to continue as going concern, auditor Deloitte said. Hence, it did not express an opinion on the Group's results. EMPEROR INT'L opened 2.9% lower this morning (30th) before its decline rapidly expanding in the early session, and bottomed at $0.2. The stock last printed at $0.202, sinking 15.13%, with 170,000 shares traded, involving $38,100. ~ AASTOCKS Financial News Website: www.aastocks.com | |