tiprankstipranks
Trending News
More News >

Net Pacific Financial Updates on Payment Extension and Accounting Resolution

Story Highlights
  • Net Pacific Financial has received partial payments and extended the final payment deadline to April 2025.
  • The payment completion is vital for resolving past accounting issues, with contingency plans if payment is not made.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Net Pacific Financial Updates on Payment Extension and Accounting Resolution

Confident Investing Starts Here:

Net Pacific Financial Holdings Limited ( (SG:5QY) ) has provided an update.

Net Pacific Financial Holdings Limited, together with its subsidiaries, has announced updates regarding its financial dealings and accounting issues. The company has received partial payments under a deed of assignment and has agreed to extend the deadline for the final payment to April 2025. The board is confident in the completion of the payment, which is crucial for resolving accounting issues related to a previous auditor’s disclaimer. If the payment is not completed, the company will retain a portion of the initial payment and seek another buyer.

More about Net Pacific Financial Holdings Limited

YTD Price Performance: -15.00%

Average Trading Volume: 249,356

Technical Sentiment Consensus Rating: Sell

Current Market Cap: S$8.94M

For detailed information about 5QY stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1