Yingde Gases delays 2016 results, shares suspended

HONG KONG, April 3 (Reuters) - Yingde Gases, the

subject of a rare public Chinese boardroom battle, said on

Monday its 2016 earnings results would be delayed as it was

still completing audit work, and requested that trading in its

shares be suspended.

Last week, Yingde Gases, China's largest producer of

industrial gases, warned its financial position may be

"materially adversely impacted" following a management


"The company is in the course of finalising certain

workstreams to facilitate the completion of the audit work by

the auditor," Yingde Gases said in a statement to the Hong Kong

stock exchange.

A meeting of the board of directors was being convened for

April 7 at which the 2016 annual results would be considered.

The company expected to annouce its earnings around that time,

it added.

The share trading suspension was expected to remain until

the publication of its 2016 results.

Yingde's stock has more than doubled since late December,

when U.S. industrial gas maker Air Products made a

takeover approach of up to $1.5 billion in cash for the company.

Earlier this month, a majority of Yingde Gases shareholders

voted to keep two of its co-founders and main shareholders on

its board and oust five other board members, ending a battle for

control of the firm.

(Reporting By Anne Marie Roantree; Editing by Richard Pullin)