Reported 3 months ago
Grifols SA has reported an unexpected accounting adjustment of €457 million related to its 6.5% stake in China's Shanghai RAAS, following scrutiny from short sellers and a review by its new auditor, Deloitte. This adjustment, which does not impact the income statement, led to a suspension of trading on Tuesday. Grifols has been under intense examination of its financial dealings after allegations of debt manipulation surfaced earlier this year, prompting significant management changes within the company.
Source: YAHOO