Brief: Td Holdings Says Audit Committee Concluded That Some Of Co's Previously Issued Financial Statements Should No Longer Be Relied Upon

BAIYU Holdings

29/03/2021 22:26

March 29 (Reuters) - TD Holdings Inc  GLG.O :
    * TD HOLDINGS - AUDIT COMMITTEE CONCLUDED THAT SOME OF CO'S
PREVIOUSLY ISSUED FINANCIAL STATEMENTS SHOULD NO LONGER BE
RELIED UPON
    * TD HOLDINGS - ASSESSING EFFECT OF RESTATEMENTS ON THE CO’S
INTERNAL CONTROL OVER FINANCIAL REPORTING AND ITS DISCLOSURE
CONTROLS AND PROCEDURES
    * TD HOLDINGS INC - EXPECTS TO REPORT ONE OR MORE MATERIAL
WEAKNESSES FOLLOWING COMPLETION OF ITS INVESTIGATION OF CAUSE OF
RESTATEMENTS
    * TD HOLDINGS INC - CHANGES DUE TO RESTATEMENT ARE EXPECTED
TO
HAVE SIGNIFICANT IMPACT ON CO'S OPERATIONS
    * TD HOLDINGS - TO FILE RESTATEMENTS OF FINANCIAL STATEMENTS
FOR
NON-RELIANCE PERIODS TO AMEND,RESTATE FINANCIAL STATEMENTS,
OTHER FINANCIAL INFORMATION

Source text for Eikon: [ID: https://bit.ly/3wdvmHF]
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