Technology Jan 21, 2022 09:09 PM (GMT+8) · EqualOcean
COSCO energy received the inquiry letter from Shanghai Stock Exchange. The company made provision for impairment of 94 of its 141 ships, totaling about 4.96 billion yuan. It is required to supplement and disclose the specific process, selection of main parameters and basis of asset impairment measurement, compare with the external data available on key parameters, demonstrate and explain whether there is significant deviation in the evaluation, the reason and rationality of withdrawing large impairment in the reporting period, and whether the withdrawing amount is accurate and appropriate.

This text is a result of machine translation.