A True And Fair View Of the financial Position In Audited Financial Statements For The Financial Year Ended 30 June 2024 Except For Possible Effects Noted In "Basis For Qualified Opinion"

BackNov 06, 2024
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-05112024-00001
Subject A TRUE AND FAIR VIEW OF THE FINANCIAL POSITION IN AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024 EXCEPT FOR POSSIBLE EFFECTS NOTED IN "BASIS FOR QUALIFIED OPINION"
Description YNH PROPERTY BHD ("YNHP" OR "THE COMPANY") - A TRUE AND FAIR VIEW OF THE FINANCIAL POSITION IN AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024 EXCEPT FOR POSSIBLE EFFECTS NOTED IN "BASIS FOR QUALIFIED OPINION"
Query Letter Contents

We refer to your Company's announcement dated 1 November 2024 in respect of the aforesaid matter.

 

In this connection, kindly furnish Bursa Malaysia Securities Berhad with the following additional information for public release:-

 

1. On the Special Independent Review, we note from your announcement dated 12 June 2024, the independent assessment was expected to be completed within 3 months from the appointment date. In this respect, please provide the following information/ explanation:

(a) Reason for the delay in completing the independent assessment.

(b) To tabulate the original and revised timeline together with details of key action items.

(c) Cost incurred for the appointment of the independent reviewer.

 

2. On the appointment of an Investment Committee, please provide the following information:

(a) Name of the members of the independent Investment Committee together with their background/profile.

(b) To specify the date(s) of appointment and clarify the tenure of such appointments.

(c) Cost incurred in the appointment of the Investment Committee.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully

 

Listing

Regulation

 

cc:-   Market Surveillance, Securities Commission

Reference is made to the Company’s announcement on 1 November 2024 in relation "A True and Fair View of the Financial Position in Audited Financial Statements for the financial year ended 30 June 2024 except for possible effects noted in "Basis for Qualified Opinion" (“Earlier Announcement(s)”) and the query letter from Bursa Securities dated 5 November 2024. Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcement(s).

 

Please refer to the Company's response to Bursa Securities' query in the enclosed attachment.

 

This announcement is dated 6 November 2024.

 

Please refer attachment below.


Announcement Info

Company Name YNH PROPERTY BERHAD
Stock Name YNHPROP
Date Announced 06 Nov 2024
Category General Announcement for PLC
Reference Number GA1-31102024-00003

Attachments

  1. YNH_-_Response_to_Bursa_Query_dd_05.11.2024_20241006.pdf (Size: 456,564 bytes)