Nova Group (01360) announced that the Board of Directors hereby informs the company's shareholders that issues where no opinion is expressed are still being actively discussed with the company...
Zhixun Finance APP news, Nova Group (01360) announced that the Board of Directors hereby informs the company's shareholders that issues where no opinion is expressed are still being actively discussed with the company's auditors. The Board of Directors is making every effort to resolve the uncertainties regarding the recoverability of accounts receivable under the items where no opinion is expressed by the auditor, including factoring receivables, financing lease receivables, and trade receivables, and making arrangements for the settlement of various professional fees so that the company can expedite the publication of the full-year performance for the year ending June 30, 2024, to meet the requirements stipulated by the listing rules. According to Section 13.49(1) of the listing rules, the company must publish the full-year performance for 2024 no later than three months after the end of the company's financial year (i.e., by September 30, 2024, or earlier). Given the above circumstances, it is anticipated that the company will be unable to publish the full-year performance for 2024 by September 30, 2024, or earlier as required by the listing rules. The delay in publishing the full-year performance for 2024 will not comply with the provisions of Section 13.49(1) of the listing rules.
