Other Receivables 65m vs Capex 4m ??
Where are the other receivables 65.6m goes to ?
Capex as of 30Jun is only 4.1m
Anyone here any opinions ?
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我是一隻小菜鳥 : The company should disclose and explain the necessary information regarding important and significantly changing accounting subjects. It is apparent that as of June 30th, the amount of other receivables and prepayments has significantly increased compared to the amount reported in the previous year's audit report (even far exceeding the amount of accounts receivable for the same period). This increase in the balance of this account corresponds to a decrease in cash funds (decreased by 65 million). Additionally, it was found through the company's first quarter report that other receivables and prepayments had also increased by 10 million at the end of March, but the company has not provided any disclosure or explanation regarding this significant change in the account. In my opinion, the company should disclose the nature and aging of these other receivables and prepayments, and evaluate whether there is a possibility of bad debt for the related amount.
Gen2126 OP : I got email replied from the management :
Thank You for your email. We suggest you submit the question during EGM/AGM or alternatively you may refer to our public announcement.
Dennn Gen2126 OP : you can try to get help from MSWG.
Gen2126 OP Dennn : Dennn thanks for the info. I believe mswg couldn't do more, they would have received the same reply asking them to voice the issue via AGM/EGM
Dennn : at least insider didn't sell their stock when the price dropped. not like other counter keep esos n insider selling.