Auditor flags going concern for Zelan

In a filing with Bursa Malaysia yesterday, the construction firm said its auditor, Messrs Al Jafree Salihin Kuzaimi PLT, had drawn attention to the group’s and company’s current liabilities which exceeded current assets by RM175.4mil and RM18.6mil respectively.

PETALING JAYA: Zelan Bhd’s external auditor has flagged the existence of material uncertainty in the group’s accounts for the financial year ended Dec 31, 2020, which may cast significant doubt on its ability to continue as a going concern.

In a filing with Bursa Malaysia yesterday, the construction firm said its auditor, Messrs Al Jafree Salihin Kuzaimi PLT, had drawn attention to the group’s and company’s current liabilities which exceeded current assets by RM175.4mil and RM18.6mil respectively.