TOKYO (Reuters) - Japanese regulators will not extend a deadline for Olympus to report its financial results, sources with knowledge of the matter said, leaving the scandal-hit company with less than two weeks to correct two decades of accounting and avoid delisting. Olympus and its auditors are scrambling to correct past earnings statements and submit its latest results after the company admitted to a cover-up of securities losses dating back to the 1990's. If they cannot meet the December 14 deadline Olympus will automatically be delisted under stock exchange rules. ...
read more..
via. World Clone
read more..
via. World Clone
No comments:
Post a Comment