The stock exchange’s decision came one day after the troubled game developer filed audited financial statements for last year and last quarter. “The Taipei Exchange has decided to extend XPEC’s trading suspension, as it has deemed that the firm did not fully disclose the financial impacts of its overseas investments in its recently filed financial statements,” the Taipei Exchange said in a statement. XPEC late on Monday night filed its audited earnings for the past four quarters, in an effort to prevent delisting by the stock exchange for not submitting audited financial statements. That translated into a loss per share of NT$29.45, compared with earnings per share of NT$3.38 in 2015, the company’s filings with the Taiwan Stock Exchange showed. XPEC is to convene a general meeting on June 16 in Taipei to update shareholders on operations.

Source: Taipei Times May 16, 2017 16:55 UTC