<div class=newsTextDataWrapInner><p>KUALA LUMPUR: MQ Technology Bhd’s (MQ Tech) auditors have expressed a qualified opinion on the group’s annual audited financial statements for its financial year ended Dec 31, 2018, over uncertainties related to the group’s theme park business.</p></div>

<div class=newsTextDataWrapInner><p>Moore Stephens Associates PLT highlighted in a report that MQ Tech had incurred a total of RM18.57 million as advances, deposits and prepayments in relation to its theme park business, MQ Tech said in a stock exchange filing yesterday.</p></div>

<div class=newsTextDataWrapInner><p>MQ Tech management is now reassessing the viability of the theme park business in view of current economic and political conditions.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Due to the uncertainty on the direction of the management on the theme park business and (as such) the lack of documentary information and/or evidence being available that assesses the manner in which these amounts are expected to be recovered, we are unable to obtain sufficient appropriate audit evidence to assess the recoverable amounts and/or impairment, if any.</p></div>

<div class=newsTextDataWrapInner><p>“Consequently, we were unable to determine whether any adjustments to these amounts were necessary,” the auditors said. Shares in MQ Tech closed unchanged at five sen yesterday, giving the group a market value of RM29.89 million.</p></div>


KUALA LUMPUR: MQ Technology Bhd’s (MQ Tech) auditors have expressed a qualified opinion on the group’s annual audited financial statements for its financial year ended Dec 31, 2018, over uncertainties related to the group’s theme park business.

Moore Stephens Associates PLT highlighted ...

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MORNING CALL: 26/4/24

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>


AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

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Senior police officer arrested for alleged corruption given until April 28 to declare assets to MACC

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PavREIT’s 1Q NPI jumps 33%, pays 2.48 sen distribution per unit

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<p>Heineken Malaysia Bhd announced on Thursday that it has nominated Martijn Rene van Keulen as its new managing director (MD).</p>


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