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[Global Network Financial Comprehensive Report] Bloomberg Intelligence statistics show thatps5gamescrashbandicootAt least 62 Hong Kong-listed companies were suspended for failing to publish audited results on or before March 31, 2024, up from 54 in the same period last year.

Bloomberg Industry Research said the number of Hong Kong-listed companies suspended this year due to failure to publish audited results may be close to last year's historical high of 84. At least 62 companies failed to report audited results before the March 31, 2024 deadline, resulting in stock suspension; this number exceeds 54 companies in the same period last year.

It is worth noting that according to Hong Kong Stock Exchange regulations, if a company fails to publish audited results within three months of the end of the fiscal year, its shares will be suspended. Some companies will suspend trading for more than a year. If the suspension exceeds 50 days, MSCI may remove it from the index.

In addition, the procedures for delisting in Hong Kong due to failure to publish audited results differ due to the company's size and board structure. The GEM market has lower qualification standards for small and medium-sized issuers, and the Hong Kong Stock Exchange can delist a company after it has suspended trading for 12 consecutive months. Companies listed on the main board receive a longer remedy period of 18 months.