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DZM: Explanation for auditor\u2019s opinion in reviewed semi-annual FS 2013
(10 September
2013) Dzi An Manufacturing Public Limited Company explained the auditor’s
opinion in reviewed semi-annual FS 2013 as follows:
Auditor’s
opinion: Continuous operation of Tonle Bet Biomass Power Plant (subsidiary) in
Cambodia
Explanation:
- One Member
Co., Ltd - Tonle Bet Biomass Power Plant is a subsidiary in Cambodia with 100%
of its capital invested by Dzi An Manufacturing Public Limited Company. Tonle
Bet Biomass Power Plant operates based on rice husk or discarded materials with
capacity of 3,000 KW.
- Since the
Company is in the progress of completion, the capacity is lower than the
designed capacity. Besides, the equipment is not yet synchronized, the troubles
often happen. The Company’s input material is seasonal (unstable), which has
caused the losses for a long time since the Company officially came into
operation.
In order to
stop the ineffective operation of the Company, the Board of Management has discussed
the termination of the Company’s operation and will submit to the Board of
Directors to consider in the coming time. HNX
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