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Special audit on Cedar uncovers numerous lapses

Baker Tilly highlights unrecovered receivables of 180m yuan and possible non-compliance with Catalist rules

Mindy Tan

Published Tue, Nov 24, 2015 · 09:50 PM

Singapore

CHINESE real estate firm Cedar Strategic Holdings has displayed numerous weaknesses and/or lapses in corporate governance, internal controls, and possible non-compliance with the Catalist board rules, according to a special auditor report by Baker Tilly Consultancy. The issues highlighted by the special auditor include unrecovered receivables of …

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