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I guessed first is to address the material uncertainty as a going concern issued by the auditors. In this case, the ability of Eatech to dispose their assets - marine ops vessels to generate sufficient cash flow and returning to profitability while Kulim Berhad continued to provide the financial support. Sticky situation.
Hi Ricardo, congrats on your position. Indeed it is as there are signs of financial support and actions taken to address the mugc situation from its recent QR. And, the major shareholder seems to be taking actions to address the 25% public shareholding spread requirements by reducing his stake gradually. Its good to continue monitor the progress closely since the risk of PN17 is still there. Just my opinions, could be wrong. Hope it helps.
