Independent auditor raises going concerns about Pharmaniaga


KUALA LUMPUR: Pharmaniaga Bhd’s independent auditors, Messrs PricewaterhouseCoopers PL has reported a material uncertainty related to going concern in its independent auditors’ report dated March 29, 2024.

In a filing with Bursa Malaysia, Pharmaniaga said the audit firm cited the group’s and the company’s current liabilities exceeded their current assets by RM895mil and RM439mil respectively, and the group recorded a capital deficiency of RM274.1mil as of Dec 31, 2023.

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