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Albedo's auditors steer clear of opinion

Published Fri, Apr 4, 2014 · 10:00 PM

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Singapore

EVEN as the fate of Albedo's proposed reverse takeover (RTO) deal hangs in the air, its auditors have cast a question mark over an accounting matter.

Foo Kon Tan Grant Thornton LLP is not expressing an opinion on Albedo's FY2013 financial statements, as it has not been able to find enough evidence on the recoverability of amounts owed by its Thai subsidiary.

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