Auditor raise doubts about Caely's ability to recover full payment in Felcra project

KUALA LUMPUR: The auditors of Caely Holdings Bhd has raised doubts whether the company would be able to fully recover RM11.995mil due to a subsidiary for construction work done at a Felcra Bhd housing project.

"We are uncertain of the full recovery of certain trade receivables of the Group amounting to RM11.995mil as at financial year end, as a substantial amount on the completed constructions payments that have not been received," the auditors told Bursa Malaysia today.