The Business Times
business-time-50

UniFiber auditor, directors differ on going-concern issue

google-preferred-sourceAdd BT as a preferred source
Published Fri, Oct 10, 2014 · 09:50 PM

Singapore

AN issue over the going-concern status of forestry and pulp firm United Fiber System (UniFiber), as well as its failure to provide for default interest, led the company's auditor to refrain from expressing an opinion on its consolidated financial statements for the six months ended June 30, 2014.

The financial statements were prepared in connection with its proposed acquisition of Jakarta-listed coal miner PT Golden Energy Mines (Gems) through a reverse takeover. Similar concerns had been made for UniFiber's financial statements ended Dec 31, 2013.

TRENDING NOW

In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

Employers want AI-fluent employees. Hiring them is the challenge

The price of Category B COEs, used to register larger, more powerful cars and electric vehicles, is up 6% at S$130,889.

Cat A hits record S$129,000 as COE rises across the board

Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

Changes to EV incentives, uncertainty over COE framework drive Category A to a new high in ‘re-run of 2025 mania’

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More