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The latest announcement is out from A Metaverse Company ( (HK:1616) ).
A Metaverse Company has announced a supplemental update regarding its 2024 and 2023 annual reports, addressing a qualified opinion issued by Moore CPA Limited due to insufficient audit evidence related to revenue and profit from its PRC entities. The company has implemented action plans to resolve tax payables and income tax issues, including selling equity in affected entities and enhancing internal controls. The board is confident in reducing the current tax payable to zero by the end of 2025, which will positively impact the company’s financial health and stakeholder confidence.
More about A Metaverse Company
Average Trading Volume: 10,472,950
Technical Sentiment Signal: Sell
Current Market Cap: HK$66.7M
See more data about 1616 stock on TipRanks’ Stock Analysis page.