I suspect that the company is in great difficulty in getting syndicated loan completed. Banks involved may have worries about their financial position...I guess

原來水記已經 quited 左唔做佢地 auditor，又有non-executive directors resigned，現在 loans 又 cross default is triggered.  呢次大鑊！

引用:

原帖由 dejavu2003 於 2008-8-14 18:03 發表
Their gearing at the last fiscal date was 131.3%.  This is really scary by any standard.

Also, I tried to look at their Annual Report, but they drive you in a loop.  The HKSE website refers you to  ...

Are you suggesting they have failed the listing compliance by not submitting financial reports on time?

HK is a bit different from the US. In the US, you must file directly with the SEC using edgarization filing system.  The SEC will automatically track your complicance and generate announcement when the report is late.

HK should follow suit.