Monday, 21/10/2013 00:00

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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