The troubled Chinese company “expects to record a significant loss for the year,” as revenue appears set to “substantially decrease,” according to a statement to the Hong Kong stock exchange.
It said the ongoing suspension of its shares by Hong Kong’s Securities and Futures Commission (SFC) has had a “material negative impact on the reputation of the company.”
The SFC halted trading of HTF’s shares on 20 May, 2015, after its Hong Kong-listed stock plunged 47% in a single morning trading session, shaving roughly $19bn off its market capitalisation.
It
