"....SBB: The auditor’s first draft of the financial report was issued and provided to the directors on 25March 2019, noting that they were concerned with and looking into a related party loan transactionin 2017 that indicated an unrecorded liability of SBB and which will require an adjustment to the2018 financial report for the year ended 31 December 2018 and other steps to be taken. The auditorconfirmed this by letter to SBB on 28 March 2019 and has put further questions to SBB where theyare in the course of being answered.
The auditor is further awaiting the payment of their fees, which is taking time due to foreigncurrency restrictions out of China. The auditor is also requiring resolution of their outstanding feesas a condition to finalizing the audit..."
And there some were thinking it had to do with Redbook - but it reads that something not quite right occurred back in 2017 in regard the accounts and it was the auditors who look to have done their job after all?...... Still what will be done from the Chinese side - they have hired legal representation so it seems either they are delaying or fighting this for some other reason..
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