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Charisma Energy Services ( (SG:YSV) ) just unveiled an announcement.
Khen Energy Limited has announced that it will cease quarterly reporting of its unaudited condensed interim financial statements with immediate effect, following an improvement in its audit status. The company had continued quarterly disclosures beyond the 2020 easing of rules due to its strained financial position, suspended share trading, and its inclusion on a quarterly reporting list stemming from repeated going-concern qualifications.
The group’s external auditor, CLA Global TS Public Accounting Corporation, has now issued an unqualified opinion on Khen Energy’s FY2025 accounts without highlighting material uncertainty over going concern, removing the regulatory trigger for mandatory quarterly reporting. From 2026, the company will instead publish half-year results within 45 days of period-end and has pledged to maintain compliance with Catalist continuous disclosure requirements, signalling a partial normalisation of its reporting obligations.
More about Charisma Energy Services
Khen Energy Limited is a Singapore-incorporated company listed on the Catalist board of the Singapore Exchange, operating through a group structure. The firm has faced prolonged financial stress, including a trading suspension since 2019 and prior audit concerns over its ability to continue as a going concern, which had placed it under heightened reporting requirements.
Average Trading Volume: 288,978
Technical Sentiment Signal: Sell
Current Market Cap: S$28.14M
See more insights into YSV stock on TipRanks’ Stock Analysis page.