Chinlink International Holdings Limited (HK:0997) has released an update.
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Chinlink International Holdings Limited, grappling with significant financial challenges as highlighted in its 2024 Annual Report, has acknowledged uncertainties about its ability to continue as a going concern due to substantial losses and defaults on borrowings and bonds. The management and audit committee concur with the auditors’ concerns but remain optimistic that their measures and refinancing plans will stabilize operations and negate the need for any significant impact on daily operations. The auditors have indicated the possibility of removing the disclaimer in the following year’s report, contingent upon the successful implementation of the company’s financial strategies.
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