Huscoke Holdings Limited (HK:0704) has released an update.
Huscoke Holdings Limited has announced a delay in the publication of its 2023/24 Annual Results, citing incomplete audit work due to unpaid audit fees from previous years. The auditor has raised concerns about independence issues and suspended its work until outstanding fees are settled. The company is actively seeking to recover trade receivables and other receivables totalling approximately HK$170 million, with some refund guarantees in place from Energy Technology, which should improve the company’s cash flow and enable the settlement of audit fees.
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