Global Brands Group postponed publishing annual results for the financial year ended March 31, as its auditors sought more information about its ability to operate on a going concern basis before approving the financial statement.

The company said it is now responding to questions from auditors “in particular in connection with the group’s evaluation of various options in respect of its financial position, including the possible sale, disposal and restructuring of certain assets and/or businesses of the group.”

Trading in the company’s stock, which are listed on the Hong Kong stock exchange, was also suspended pending the publication of results.

In the first half ended Sept. 30, 2020, Global Brands saw its net loss widen to $122.4 million from a restated $89.7 million the year earlier, as revenues declined by 46.1 percent to $289.6 million.