Chung-Fu Financial Report Delayed Again, Trading to Be Suspended from April 29
Veteran textile manufacturer Chung-Fu will have its stock trading suspended from April 29 by the Taiwan Stock Exchange due to delayed financial reports. This decision impacts approximately 34,000 shareholders.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 12:06
- 🔍 Collected: April 28, 2026 at 12:31 (24 min after Published)
- 🤖 AI Analyzed: April 28, 2026 at 13:16 (44 min after Collected)
Central News Agency
(Central News Agency reporter Tseng Jen-kai, Taipei, April 28) Veteran textile manufacturer Chung-Fu will have its stock trading suspended from April 29, as announced by the Taiwan Stock Exchange, due to delayed financial reports, affecting approximately 34,000 shareholders.
According to the Taiwan Stock Exchange's announcement, Chung-Fu's 2025 financial report filing was notified by the competent authority to be re-audited by its accountant and re-submitted within the deadline. However, the company failed to comply by the deadline. In accordance with regulations, its listed securities will cease trading from April 29.
Chung-Fu stated in its announcement that its certified public accountant issued a qualified opinion report because of insufficient and appropriate audit evidence to make judgments on investments accounted for under the equity method and related investment gains and losses. This qualified report prevented the financial statements from being re-submitted and re-announced within the deadline, ultimately triggering the Taiwan Stock Exchange's trading suspension mechanism.
Chung-Fu is an old Taiwanese textile manufacturer, but with the outsourcing of the domestic textile industry, Chung-Fu no longer has production operations. Its main revenue comes from real estate leasing. Chung-Fu retains approximately 21,000 ping (approximately 69,420 square meters) of land at its former factory in Zhongli, which previously led to a struggle for management control.
Chung-Fu had previously been suspended from trading due to restatement of financial reports. It wasn't until April 2025 that the Taiwan Stock Exchange announced that Chung-Fu had restated and re-filed its 2024 financial report, and its accountant issued an unqualified audit opinion. The reason for its listed securities being designated as a change in trading method was eliminated, and trading of its listed securities resumed from April 23 last year. (Editor: Lin Chia-hsien) 1150428
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(Central News Agency reporter Tseng Jen-kai, Taipei, April 28) Veteran textile manufacturer Chung-Fu will have its stock trading suspended from April 29, as announced by the Taiwan Stock Exchange, due to delayed financial reports, affecting approximately 34,000 shareholders.
According to the Taiwan Stock Exchange's announcement, Chung-Fu's 2025 financial report filing was notified by the competent authority to be re-audited by its accountant and re-submitted within the deadline. However, the company failed to comply by the deadline. In accordance with regulations, its listed securities will cease trading from April 29.
Chung-Fu stated in its announcement that its certified public accountant issued a qualified opinion report because of insufficient and appropriate audit evidence to make judgments on investments accounted for under the equity method and related investment gains and losses. This qualified report prevented the financial statements from being re-submitted and re-announced within the deadline, ultimately triggering the Taiwan Stock Exchange's trading suspension mechanism.
Chung-Fu is an old Taiwanese textile manufacturer, but with the outsourcing of the domestic textile industry, Chung-Fu no longer has production operations. Its main revenue comes from real estate leasing. Chung-Fu retains approximately 21,000 ping (approximately 69,420 square meters) of land at its former factory in Zhongli, which previously led to a struggle for management control.
Chung-Fu had previously been suspended from trading due to restatement of financial reports. It wasn't until April 2025 that the Taiwan Stock Exchange announced that Chung-Fu had restated and re-filed its 2024 financial report, and its accountant issued an unqualified audit opinion. The reason for its listed securities being designated as a change in trading method was eliminated, and trading of its listed securities resumed from April 23 last year. (Editor: Lin Chia-hsien) 1150428
Choose to stand with facts, every sponsorship you make is the power to protect press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest news.
The text, images, and audio/video on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.