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External auditor expresses doubt about Perisai's viability

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Published Wed, Oct 4, 2017 · 09:50 PM

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Kuala Lumpur

AN external auditor of listed oilfield services provider Perisai Petroleum Teknologi Bhd - an associate company of insolvent Ezra Holdings Ltd - has expressed doubts about its viability as a going concern even as the company's board of directors maintains it can be salvaged.

In a filing to the Malaysian stock exchange on Wednesday, Perisai's board of directors revealed Baker Tilly AC had issued a statement of "material uncertainty related to going concern" on Perisai's audited financial statement for the year to end-June 2017.

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