Hong Wei Holdings Company Limited Auditor Raises 'Going Concern' Doubt

Hong Wei (Asia) Holdings Company Limited is a Hong Kong-based investment holding company principally engaged in the manufacturing and sales of particleboards. Its products are mainly made of undersized log, wood branches and agriculture and forestry residues. These products are mainly used by customers in the manufacturing of furniture, flooring panels and decoration and construction materials. The Company’s primary markets are located in the People’s Republic of China (the PRC) and other Asian countries. The Company is also involved in the general corporate activities through its subsidiaries. Its principal subsidiaries include Hongwei Wooden Products (Renhua) Company Limited and Universal Success Enterprise Limited.