Summary by Moomoo AI
CHINA TIANRUI announced on December 20, 2024, that it would postpone the valuation work for its joint ventures. The company had previously hired valuers to conduct impairment assessments of the joint ventures and determine the expected credit losses for receivables from joint ventures to complete the interim results for 2024. However, after discussions with the valuers, the management believed that conducting a valuation based on financial data available as of June 30, 2024, might be inappropriate due to doubts regarding the accuracy and fairness of the joint ventures' financial information.The company noted that as of the announcement date, the joint ventures have not confirmed when they can provide the requested financial documents for review. In light of this situation, the company decided to postpone...Show More
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