TIDMACHL

RNS Number : 9112X

Asian Citrus Holdings Ltd

27 February 2017

 
 For immediate release   27 February 2017

Asian Citrus Holdings Limited

("Asian Citrus" or the "Company")

Announcement

Reference is made to the Company's announcement dated 29 September 2016 (the "Announcement") in connection with the delay in publication of its annual results and annual report. Unless otherwise defined herein, capitalised terms used hereunder shall have the same meanings as those defined in the Announcement.

As stated in the Announcement, given the allegations referred to therein received by the Group's auditors, the auditors were of the view that there is a need to reinforce their audit procedures and implement wider and more extensive tests on audit sampling in order to allow it to form its audit opinion on the Group's consolidated financial statements for the year ended 30 June 2016. The key outstanding issues or matters for completing the audit remains as those set out in the Announcement.

There has been no material development since the announcement of 27 January 2017. The Company continues to follow the necessary procedures advised by its PRC legal advisers to seek the requisite clarification and information that is needed by the auditors.

Trading in the shares of the Company on the Hong Kong Stock Exchange and AIM will remain suspended pending the release of the Group's annual results.

This announcement contains inside information for the purpose of Article 7 of Regulation (EU) No 596/2014.

For further enquiries please contact:

 
                                      +852 3951 
 Asian Citrus                          0000 
 Emma Ng (Chief Financial Officer and Company 
  Secretary) 
 
 Cantor Fitzgerald Europe (NOMAD      +44 (0) 20 
  and Broker)                          7894 7000 
 Rick Thompson/David Foreman/Michael Reynolds 
  (Corporate Finance) 
 
                                      +44 (0) 20 
 Weber Shandwick Financial             7067 0700 
 Nick Oborne, Stephanie Badjonat, Tom Jenkins

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

February 27, 2017 04:18 ET (09:18 GMT)

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