Brief: Achiko Received Notification Of Suspension Of Trading

Achiko in Liquidation AG

28/06/2022 06:05

June 28 (Reuters) - Achiko AG  ACHIN.S :
    * SUSPENSION OF TRADING
    * HAS RECEIVED NOTIFICATION FROM SIX EXCHANGE REGULATION AG
{"SER") THAT TRADING OF ACHIKO'S SHARES SHALL BE SUSPENDED AS OF
TUESDAY, 28 JUNE 2022
    * ON 27 JUNE 2022, SER HAS PERFORMED AN INITIAL REVIEW OF
ACHIKO'S
ANNUAL FINANCIAL STATEMENTS PUBLISHED ON 26 JUNE 2022 AND
DETERMINED THAT THEY DO NOT COMPLY WITH ART.49 AND ART 51 OF
LISTING RULES1
    * SER NOTED THAT AUDIT REPORT INCLUDED IN ANNUAL REPORT 2021
OF
ACHIKO ISSUES AN ADVERSE OPINION AND, BASED ON AUDITOR'S
CONCLUSION, THERE IS STRONG INDICATION THAT ISSUER HAS BREACHED
ART. 49 AND 51 LR, ONE OF MOST IMPORTANT CONDITIONS FOR
MAINTAINING A LISTING
    * SER ADVISED THAT TRADING OF ACHIKO'S SHARES SHALL BE
SUSPENDED
BASED ON ART.57 LR AS OF TUESDAY, 28 JUNE 2022, UNTIL ORDERLY
CONDITIONS ARE RESTORED
    * SER HAS GIVEN ACHIKO AG A DEADLINE UNTIL 31 JULY 2022 TO
PUBLISH
AUDITED FINANCIAL STATEMENTS IN ACCORDANCE WITH ART 49 AND 51 LR
    * COMPANY IS WORKING WITH ITS AUDITORS, LAWYERS AND A NUMBER
OF
INVESTORS AND FINANCIERS TO RESOLVE SITUATION AS SOON AS
POSSIBLE
    * EXPECTS TO BE ABLE TO COMPLY WITH SER'S REQUIREMENT IN
ADVANCE
OF 31 JULY DEADLINE

Source text for Eikon:  ID: 
Further company coverage:  ACHIN.S 

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