AM Group Details Ongoing Hurdles to Trading Resumption Amid Missing PRC Records

Claim 70% Off TipRanks This Holiday SeasonUnlock hedge-fund level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialAM Group Holdings Limited ( (HK:1849) ) has shared an update. AM Group Holdings Limited, a Cayman-incorporated company listed in Hong Kong, relies heavily on its subsidiaries in mainland China for financial reporting, but the announcement does not specify its industry or core product and service lines. The group’s PRC entities play a central role in its operations and the preparation of consolidated accounts, underscoring its exposure to regulatory and operational conditions in that market. The company has disclosed that trading in its shares remains suspended as it works to satisfy a series of resumption conditions set by the Hong Kong Stock Exchange, including clearing a backlog of financial results and strengthening governance and controls. AM Group has yet to publish its audited results for the years ended 30 June 2024 and 30 June 2025 and interim results for the six months ended 31 December 2024 because its auditor still has only limited access to the books and records of all PRC subsidiaries, and the company itself does not have those records for interim reporting. The Stock Exchange’s resumption guidance also requires the company to demonstrate management integrity, conduct an independent internal control review and an independent forensic investigation into various disputed cooperation agreements, acquisitions, placements and legal actions, and to re-comply with board and audit committee composition rules. Until these issues are resolved and the required disclosures and remedial steps are completed, trading in AM Group’s shares will remain suspended, leaving investors without up-to-date financial information and prolonging uncertainty over the company’s regulatory compliance and operational transparency. More about AM Group Holdings Limited AM Group Holdings Limited is a company listed on the Hong Kong Stock Exchange (Stock Code: 1849) and incorporated in the Cayman Islands with limited liability. The announcement indicates it operates through subsidiaries in mainland China, whose books and records are critical to the group’s consolidated financial reporting, suggesting a business with substantial PRC-based operations, though its specific industry and products are not disclosed in this release. Technical Sentiment Signal: Sell Current Market Cap: HK$40M