Neptune Group junket halts share trading after missing annual report deadline

Macau casino junket investor Neptune Group has suspended trading of its shares after delaying the issuing of its 2015-16 annual results.

On Monday, the Neptune Group filed papers with the Hong Kong Stock Exchange (HKSE) alerting investors to the fact that the company had failed to publicize its 2015-16 annual results by the stipulated Sept. 30 deadline.

The company further declared that the delivery to shareholders of its 2015-16 annual report could also be delayed. Neptune said it was “still in the progress of providing all necessary information requested by the auditors of the Company to complete the auditing procedures.” Neptune said it would use “its best endeavors” to publish the annual results “as soon as possible.”

In cases where companies are unable to publish official results, HKSE rules require listed firms to publish unaudited consolidated management accounts, as far as the info is available.