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Raffles Financial Group Faces Audit Delay, Trading Resumption Expected in February

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Raffles Financial Group Faces Audit Delay, Trading Resumption Expected in February

An announcement from Raffles Financial Group ( (TSE:RICH) ) is now available.

Raffles Financial Group announced a delay in the completion of its audit for the financial years ended June 30, 2021, 2022, 2023, and 2024, due to the inability of their auditor, HML PLT, to access necessary working papers from component auditors. This has led to a requirement for a re-audit of the subsidiary Raffles Financial Pte Ltd’s financial accounts for 2021 and 2022, affecting the timeline. The audit is now expected to be completed by February 28, 2025, after which Raffles Financial Group aims to resume trading of its shares on the CSE.

More about Raffles Financial Group

Raffles Financial Group Limited is a company listed on the Canadian Securities Exchange under the stock symbol RICH. The company operates in the financial industry, focusing on providing financial services and solutions.

YTD Price Performance: 0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$142.7M

Find detailed analytics on RICH stock on TipRanks’ Stock Analysis page.

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