STOCKS | HKEX Disciplines Evergrande Group (3616) Over Delayed 2023 Audited Results

Hong Kong Exchanges and Clearing (HKEX) has taken disciplinary action against Evergrande Group (3616) and nine members of its management over the company’s failure to publish its audited full-year 2023 results on time, according to Ming Pao. The exchange said the delay led to the company’s shares being suspended from trading from April 2024 for nearly 18 months. HKEX issued public censures against Evergrande Group, four directors—Li Xiaobing, Wang Zhenfeng, Wang Quan and former director Qi Chunfeng—and five senior management members, and directed the individuals concerned to complete 21 hours of compliance training.