REDtone: Debt recoverable; auditors had raised alarm over outstanding RM15.6mil


PETALING JAYA: REDtone International Bhd is confident its receivables are recoverable despite alarm bells raised by its auditors in a qualified opinion for the group’s financial statements.

The company announced that its external auditors Crowe Horwath had expressed a qualified opinion in their report in respect of a debt owing by a third party that stood at RM15.6mil for the financial year ended May 31, 2014 (FY14).

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