Multi-Chem

[weijian]

"Previous 1.6mil has increased to 2.137mil, and hopefully that is the entire iceberg"

The earlier announcement quoted the affected amount in USD and that was US$1.6 mil. The latest announcement has it in SGD so my conjecture is the amount remains the same just that it is in different currency. It would appear that after the audit findings there are no further discoveries of other expense items that would fall within this category (yet). The next step would be to see if the review by Shook Lin and Bok would produce any further material findings.

hi thefarside,

Thanks for correcting my mistake.

There was also a corresponding change between the unaudited and audited statements where certain costs were assigned from COGS to selling/general/admin. Would these changes that the external auditor had a difference in opinion on, be related?

https://links.sgx.com/FileOpen/Multi-Che...eID=795000