Matrix Holdings Clarifies Audit, Advances Vietnam Project

Matrix Holdings Limited (HK:1005) has released an update.

Matrix Holdings Limited has provided additional details to shareholders about an audit qualification regarding a horse lending arrangement for its Vietnamese real estate development, which includes a horse-racing center. The Company is in the process of land acquisition and necessary approvals, with completion expected by 2025. It is also preparing a horse-racing platform, utilizing racehorses loaned from a connected person’s company to its subsidiary, to establish a competitive edge in the burgeoning Vietnamese market.

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