Cross-Border Audit Issues at New Giao RV
RV manufacturer New Giao RV has suspended share trading on the Hong Kong Stock Exchange due to a delay in publishing its 2025 annual report. The delay...
RV manufacturer New Giao RV has suspended share trading on the Hong Kong Stock Exchange due to a delay in publishing its 2025 annual report. The delay stems from auditor KPMG's inability to complete the audit, awaiting a formal response from its Australian arm auditing the local subsidiary. The company also forecasted a 12-32% drop in net profit and reported share sales by major shareholders prior to the trading halt announcement.