Auditors express qualified opinions on three steel companies


Perwaja, which operates the plant shown above, continued to miss paying its debt obligations, leading its auditors to express doubt on its ability to remain as a going concern.

KUALA LUMPUR: Crowe Horwarth, the external auditor of loss-making Kinsteel Bhd and its unit Perwaja Holdings Bhd, has expressed doubts about the group’s ability to remain as a going concern, as the two steelmakers struggle with deepening losses and mounting debts.


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