<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 30): Maxwell International Holdings Bhd, who announced today it is still unable to submit its annual report for its financial year 2017 to Bursa Malaysia or to issue it to shareholders, has blamed its inability to do so on a continued cash flow problem.</p></div>

<div class=newsTextDataWrapInner><p>This is because the issue is impacting the completion and finalisation of the audit on the group for the financial year 2017 ended Dec 31 (FY17).&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>"The difficulty faced by the company in appointing a replacement chief financial officer has further aggravated the situation," Maxwell said in a stock exchange filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>To expedite the finalisation and completion of the audit, it said it has sought for potential investors to secure funding for the company, and had regular meetings with the board to seek and secure funding to complete the audit.</p></div>

<div class=newsTextDataWrapInner><p>Given the above, Maxwell said it is expecting to issue and submit its Annual Report 2017 within three months after the completion of the annual audited financial statements of the group for FY17.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The company’s securities have been suspended from trading since May 10, 2018, since it failed to issue the required annual report and audited financial statements.&nbsp;</p></div>


KUALA LUMPUR (Nov 30): Maxwell International Holdings Bhd, who announced today it is still unable to submit its annual report for its financial year 2017 to Bursa Malaysia or to issue it to shareholders, has blamed its inability to do so on a continued cash flow problem.

This is because...

Maxwell blames continued cash flow problems on non-submission of annual report

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