Zhitong Finance App News, Huaxing Holdings (08237) issued an announcement to further delay the publication of the audited annual results announcement for the year ended December 31, 2022 and the dispatch of the annual report for the year ended 31 December 2022.

Further delay in the publication of the unaudited interim results announcement for the six months ended June 30, 2023 and the dispatch of the interim report for the six months ended June 30, 2023.

On December 28, 2023, the Company and CMI Hong Kong reached an agreement on the following: (i) the deferment period will be extended to February 16, 2024; and (ii) the Company shall repay HK$16.572 million to CMI Hong Kong on or before February 16, 2024 as a further partial repayment of the principal amount of the 2020 convertible bonds together with accrued and unpaid interest and/or interest on default. During the repayment suspension period, the company's management will continue to negotiate with CMI Hong Kong to further extend the deferred repayment period and agree on the repayment period for the remaining amount due under the 2020 convertible bonds in due course.

Trading of the company's shares continues to be suspended.