hmvod Ltd. Announces Measures to Address Auditor's Disclaimer on FY2024 Financial Statements

Reuters
06 Jun
hmvod Ltd. Announces Measures to Address Auditor's Disclaimer on FY2024 Financial Statements

**hmvod Ltd. Addresses Accounting Concerns in 2024 Annual Report** Hong Kong, June 28, 2024 - hmvod Limited has taken steps to address the disclaimer of opinion expressed by its auditor regarding the company's consolidated financial statements for the fiscal year ended March 31, 2024. The disclaimer was primarily related to concerns over the company's ability to continue as a going concern. Since the approval of the annual report, hmvod Ltd. has actively negotiated with lenders to extend repayment terms and sought new financing. Notably, a settlement agreement with Grand Harbour Finance Limited was reached on May 9, 2025, which resulted in the withdrawal of a winding-up petition against the company on May 21, 2025. These measures aim to alleviate liquidity pressures and strengthen the group's financial position.

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