Morris Home Holdings Limited (HK:1575) has released an update.
Morris Home Holdings Limited’s auditors have issued a qualified opinion on the company’s financial statements due to a scope limitation concerning the verification of balances due from and to related parties controlled by a former executive. The auditors were unable to obtain sufficient evidence to confirm approximately RMB 176.2 million owed to the company and RMB 44.5 million owed by it, nor could they verify the related expected credit loss of RMB 1.2 million due to non-cooperation from the related parties. This issue may significantly impact the company’s reported financial position and results if adjustments are necessary.
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