I too had same question. and as far as I can recall, there was no net debt as at March quarter already. Correct me if i was wrong.
Did you notice that Jerry Lam also stepped down as CFO? The mess-up in balance sheet and disclosure was suspicious and led me think.
However, the newly appointed CFO Rod Monden is no amateur and is reputational. I would assume that his appointment took sometime , it didn't happen in one day. His joining gives me more confidence that (My own thinking- no to disclose).
Things may turn around soon.
Ann: June 2023 Quarterly Activities and Cash Flow Report, page-33
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