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The latest announcement is out from Net Pacific Financial Holdings Limited ( (SG:5QY) ).
Net Pacific Financial Holdings Limited has announced an update regarding its financial dealings and accounting issues. The company received a final payment of AUD590,000 as part of a deed of assignment involving Jetwin and Mr. Tsui, which is expected to result in an impairment loss of approximately AUD0.27 million for the financial period from January 2024 to June 2025. The company anticipates resolving accounting issues related to a previous auditor’s disclaimer of opinion by June 2025, though modifications to the FY2025 financial statements will be necessary due to past discrepancies.
More about Net Pacific Financial Holdings Limited
YTD Price Performance: -15.00%
Average Trading Volume: 79,359
Technical Sentiment Signal: Sell
Current Market Cap: S$8.94M
For a thorough assessment of 5QY stock, go to TipRanks’ Stock Analysis page.