China Tianrui Cement (01252.HK) announced that the mid-term performance for 2024 is still pending implementation, and may further involve significant changes and accounting adjustments, including adjustments based on impairment assessments by valuers.

China Tianrui Cement explained that it is necessary for the company to hire reputable and independent professional valuers to conduct a comprehensive evaluation of the fair value of the equity of joint venture companies, as well as the integrity of related data on asset impairment and bad debt provisions. In addition, as the company needs more time to further confirm details, and still hopes to confirm details of certain insider information, it has applied to the Stock Exchange for the continued suspension of trading in its shares pending further announcements on insider information and valuation results. (js/w)

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