As Titan Petrochemicals Group (HKG:1192) requires additional time to gather further information on the progress on the negotiations with Grand China Logistics on the consummation of the shipyard disposal transaction and the structuring and implementation of its refinancing plans, and for the auditors of the company to complete their assessment of the company's financial position and finalize their audit of the group's audited financial statements for the year ended 31 December 2011, the company's board of directors' meeting for considering and approving the 2011 annual results will be postponed to a date to be fixed and announced by the company in due course, the company announced.

Source:chinesestock.org