PLB Engineering addresses its auditors’ concerns

PETALING JAYA: PLB Engineering Bhd’s external auditors Messrs Grant Thornton Malaysia PLT have expressed a material uncertainty related to going concern of the company and its subsidiary from the audited financial statement for the financial year ended Aug 31, 2023.

In a filing with Bursa Malaysia, PLB stated the concern was regarding to the group and company’s current liabilities exceeding its their current assets by RM82.36mil and RM25,422,575 respectively.