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5 SGX-listed companies get nod to hold AGM, announce financial results later

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FIVE companies, including three on the Singapore Exchange (SGX) watch list, were granted extensions by the bourse to hold their annual general meetings (AGM) and announce their financial results, the companies announced in filings on Thursday night. Read more at The Business Times.

More time is needed to obtain certain outstanding audit confirmation replies and to follow up on pending matters such as site visits, the group added.Petroleum company AnAn International was granted a two-month extension to hold its AGM for FY2018 to June 28 from April 30, and an extension to announce its Q1 2019 financial results to June 28 from May 15.

The new auditor encountered many difficulties in their review of audited accounts of Rompetrol France SAS - an indirect subsidiary of the issuer, and Rizhao Port Gold Brick Oil Storage and Transportation Corp - a joint venture of the issuer. It cited"multi-jurisdictional context with inherent language and other barriers" in working with auditors of the two entities.

One of the reasons cited was extra time needed to complete its financial statements in compliance with accounting policies and standards, as ASA had announced its unaudited FY2018 financials just recently.

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