on Rektron Group Inc.
Rektron Faces Filing Delays Due to Subsidiary Confirmation Issues
Rektron Group Inc., a global commodities trading firm, announced a delay in filing its annual financial statements for the year ending July 31, 2025. The setback is attributed to challenges in procuring third-party confirmations from subsidiaries in Hong Kong SAR and UAE. These issues are impacting the audit process.
The British Columbia Securities Commission has issued a management cease trade order (MCTO), affecting only management and directors' trading abilities. Rektron has appointed a disclosure-task lead to address these delays and plans to submit the filings by December 18, 2025.
Despite the current hindrance, the company aims to ensure timely submission of its upcoming interim financial documents. Rektron has clarified no ongoing insolvency proceedings against it.
R. E.
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