Metech International Limited (SG:V3M) has released an update.
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Metech International Limited has informed shareholders that the disclaimer of opinion issued by its auditors for the 2023 financial statements is due to past management actions and aligns with the company’s efforts towards transparency and accountability. Despite the disclaimer, the company assures its going concern status, highlighting sufficient projected cash flows, plans for capital raising, financial support from major shareholders, and recent successful fundraising and loan procurement.
For further insights into SG:V3M stock, check out TipRanks’ Stock Analysis page.