News Snapshot:
© Reuters. FILE PHOTO: The logo of China Huarong Asset Management Co is seen at its office in Beijing, China, April 16, 2021. REUTERS/Thomas Peter/File Photo SHANGHAI (Reuters) – China Huarong Asset Management Co Ltd said it cannot determine when it will publish its 2020 financial results, and proposed delaying its annual shareholder meeting, injecting fresh uncertainty into China’s biggest bad-debt manager. Huarong, in filings to the Hong Kong stock exchange late on Tuesday, also announced plans to sell stakes in a distressed asset exchange unit. The firm, whose shares have been suspended from trade since April 1, said operations...
