Landsea Green Management Ltd. Issues Update on Action Plan to Address Auditor's Disclaimer of Opinion

Reuters

07/09

Landsea Green Management Ltd. Issues Update on Action Plan to Address Auditor's Disclaimer of Opinion

Landsea Green Management Ltd. has announced a quarterly update on its action plan to resolve the auditor's disclaimer of opinion on its consolidated financial statements for the fiscal year ended December 31, 2024. The disclaimer was due to multiple uncertainties related to the company's going concern, as detailed in their annual report. The company has been actively implementing measures to address these issues, including recovering trade receivables and reducing administrative expenses by cutting over 100 employees in the first half of 2025. Landsea Green Management is committed to continuing its efforts to resolve the auditor's concerns and plans to provide further updates to shareholders and potential investors as necessary.

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. Landsea Green Management Ltd. published the original content used to generate this news brief on July 09, 2025, and is solely responsible for the information contained therein.

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Issues Update on Action Plan to Address Auditor's Disclaimer of Opinion\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-09 20:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Landsea Green Management Ltd. Issues Update on Action Plan to Address Auditor's Disclaimer of Opinion\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Landsea Green Management Ltd. has announced a quarterly update on its action plan to resolve the auditor's disclaimer of opinion on its consolidated financial statements for the fiscal year ended December 31, 2024. The disclaimer was due to multiple uncertainties related to the company's going concern, as detailed in their annual report. The company has been actively implementing measures to address these issues, including recovering trade receivables and reducing administrative expenses by cutting over 100 employees in the first half of 2025. 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