Home / Knowledge / News / Apparel/Garments / CY Oriental announces delay in filing of financial statements
CY Oriental announces delay in filing of financial statements
21
Apr '08
CY Oriental Holdings Ltd announced that its audited financial statements for the fiscal year ended December 31, 2007 will not be filed on the prescribed date required under Canadian securities regulations.

The filing delay is necessary to provide additional time to gather and review documentation relating to the Company's purchase and sales transactions. Currently, CY Oriental expects that such review will be completed sometime in early May, 2008.

CY Oriental will make an application to the Canadian Securities Regulators as provided under the Canadian Securities Administrators Staff Notice 57-501 and the Ontario Securities Commission Policy 57-603.

If issued, a management cease trade order would be invoked barring certain of the Company's insiders from trading CY Oriental shares until the financial statements are filed.

The cease trade order, if issued, would apply to the, Company's insiders only. Should CY Oriental fail to file the audited year end financial statements by June 30, 2008, the Canadian Securities Regulators may impose a cease trade order on all trading of the Company's shares until the financial statements are filed.

CY Oriental Holdings Ltd

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search