China Oil & Gas Results Delayed as PwC Seeks Details for Audit

China Oil & Gas Group’s annual results are delayed as its auditor PricewaterhouseCoopers has sought more information from the company, according to some investors who received a notice from the company last week on the postponement.

• PwC recently requested a third-party agency to issue an appraisal report on the company’s acquisition projects in previous years or projects with relatively large investment, said the investors, asking not to be identified as the deliberations are private
• NOTE: The company will not be able to publish its annual results on time as it is collating the necessary information and documents sought by ...