The Place Holdings Limited announced the publication of its audit report

Reuters03-12 22:58

The Place Holdings Limited announced the publication of its audit report

Place said its independent auditor, Crowe Horwath First Trust, issued an auditor’s report on the Group and Company financial statements for the year ended 31 December 2023. The auditor issued a disclaimer of opinion, citing an inability to obtain sufficient appropriate audit evidence. Key matters included undisclosed and unauthorised related-party advances of about SGD 8.7 million and unsupported offset arrangements that left an adjusted balance due from one related party of SGD 1.93 million. The auditor also raised issues over revenue of about SGD 2.21 million from a sole customer that was a related party and the recoverability of an interest-free loan to an associate of SGD 20.01 million. Additional matters included going concern uncertainties and an impairment assessment for PRC development properties carried at SGD 24 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Place Holdings Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 4LZEDM3N9OKBKOQW) on March 12, 2026, and is solely responsible for the information contained therein.

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