Tianbao Holdings Ltd.
Tianbao Holdings Ltd.: Change in accounting policy
Tianbao Holdings Ltd. / Key word(s): Miscellaneous Zhengzhou China PRC – Thursday – August 1, 2013 – Tianbao Holdings Change in accounting policy . The board feels that by making this change they will be joining a majority of companies outside of the US that have already adopted this practice , and further , IFRS will allow the company to more accurately portray the state of the company . The company will announce its draft accounts by close of business on Monday August 05 , and would expect the audited accounts to be completed by the third week in September . Commenting on this change , the CEO was quoted as saying that he is pleased that the board shares his views on the presentation of the financial statements and he is sure that shareholders will meet the change with enthusiasm About Tianbao Holdings:
Tianbao Holdings (the ‘Company’) is an economically-affordable housing manufacturer in the People’s Republic of China. The Company works closely with the Chinese government in acquiring the land for new housing developments and constructing the homes per the specifications of the housing plans of both the national Chinese government as well as the provincial governments, in particular Henan Province, wherein all of the Company’s projects to date have been located.
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