Auditor flags going concern for Magna Prima

KUALA LUMPUR: Magna Prima Bhd’s external auditor, ChengCo PLT has expressed its unqualified opinion with material uncertainty related to going concern in the independent auditors’ report for the financial year ended Dec 31, 2023.

In a filing with Bursa Malaysia, Magna Prima said the audit firm cited the group's current liabilities exceeded its current assets by RM208.5mil as of Dec 31, 2023.