Asiana faces investors' stock sell-off
Asiana Airlines' credibility among investors further fell Friday after its share trading was halted following an auditor's negative opinion on the airline's financial status, according to analysts and officials Friday. The company will be placed on the bourse operator's watch list, Monday, which many expect will force institutional investors to dump the firm's shares. Trading will resume, Tuesday. The carrier was halted from trading following the audit report by Samil PricewaterhouseCoopers which issued a "qualified" opinion. The auditor explained it gave the negative opinion because it could not obtain evidence of debt from maintenance costs for the carriers' leased aircraft, collectable amounts of assets showing signs of damage and several other valuations of the company's assets. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-25/star/asiana-faces-investors-stock-sell-off
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Asiana faces investors' stock sell-off
Asiana Airlines' credibility among investors further fell Friday after its share trading was halted following an auditor's negative opinion on the airline's financial status, according to analysts and officials Friday. The company will be placed on the bourse operator's watch list, Monday, which many expect will force institutional investors to dump the firm's shares. Trading will resume, Tuesday. The carrier was halted from trading following the audit report by Samil PricewaterhouseCoopers which issued a "qualified" opinion. The auditor explained it gave the negative opinion because it could not obtain evidence of debt from maintenance costs for the carriers' leased aircraft, collectable amounts of assets showing signs of damage and several other valuations of the company's assets. <br/>