China’s Reward again postpones disclosure of financial statements

By Sarah Lizee

Olympia, Wash., Oct. 31 – The lead underwriter for Reward International Investment Ltd.’s 2020 notes said that the disclosure of the financial statements for the third quarter of 2019 is being postponed once again.

Guarantor Reward Science and Technology Industry Group Co., Ltd. was scheduled to disclose its 2019 semiannual financial statements on Oct. 31 after postponing from the original scheduled date of Aug. 31.

The underwriter said Wednesday that the company has decided to postpone the disclosure again because its bankruptcy reorganization audit is still underway.

“In order to protect the interests of the majority of creditors, the company decided to postpone the disclosure of the third quarter of 2019 financial statements after consulting the administrator,” the underwriter said.

“At the same time, the company is actively pressing forward relevant work, striving for the successful completion of the bankruptcy and reorganization audit, and will disclose the financial statements for the third quarter of 2019 in a timely manner.”

Beijing-based Reward Science and Technology makes and distributes food products, including milk powder and anhydrous butter products.

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