General Announcement for PLC

24/05/2021

AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN : MATERIAL UNCERTAINTY RELATED TO GOING CONCERN

REACH ENERGY BERHAD

Type Announcement
Subject AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
Description 
Reach Energy Berhad (REB or the Company) Issuance of Unqualified Audit Opinion with Emphasis of Matter on material uncertainty relation to going concern in respect of REBs audited financial statements for the financial year ended 31 December 2020

Pursuant to paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, kindly note that the Company's external auditors, PricewaterhouseCoopers PLT, have issued an unqualified audit opinion with emphasis of matter on material uncertainty relating to going concern, in view of the impact on operational challenges caused by the Covid-19 pandemic and the suspension of operations of the Group’s subsidiary, Emir Oil LLP imposed by the Ministry of Energy of Kazakhstan, in respect of REB’s audited financial statements for the financial year ended 31 December 2020.

 

Please refer to the attachment below for further details. 

 

This announcement is dated 24 May 2021.


Please refer attachment below.


Announcement Info

Company Name REACH ENERGY BERHAD
Stock Name REACH
Date Announced 24 May 2021
Category General Announcement for PLC
Reference Number GA1-20052021-00052


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