China Baoli Technologies Addresses Disclaimer of Opinion on 2025 Financial Statements, Implements Measures to Boost Liquidity
Reuters
Aug 31
China Baoli Technologies Addresses Disclaimer of Opinion on 2025 Financial Statements, Implements Measures to Boost Liquidity
China Baoli Technologies Holdings Limited has issued an update regarding an accounting issue highlighted in their annual report for the year ending March 31, 2025. The company faced a disclaimer of opinion related to its going concern status in its consolidated financial statements. To address this, the board of directors has implemented several measures to enhance liquidity and improve the financial position of the group. These measures include securing collaborations with strategic partners for concert production and content promotion, which are expected to provide a more stable cash flow. The company is committed to resolving the underlying issues and will continue to update stakeholders as necessary.
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