Vibrant's auditors note irregularities in certain Blackgold units

Singapore

AUDITORS of Vibrant Ltd were unable to complete an audit of the company's financial statements for the year ended April 30 due to irregularities and discrepancies found in accounts of certain units of wholly owned subsidiary Blackgold International Holdings.

In particular, these relate to coal mining and coal trading receipts, and sales invoices from Blackgold units: Chongqing Heijin Industrial, Chongqing Caotang Coal Mine Resources Development and Chongqing Guoping Heiwan Coal Mine Resources Development.