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15 May 2025
Green Build Technology Limited Faces Going Concern Uncertainty: Quarterly Loss, Net Liabilities Reported as Company Seeks Funds and Strategic Solutions
Summary:
- Green Build Technology Limited's condensed interim financial statements were issued due to material uncertainty relating to going concern raised by the Company’s statutory auditor.
- As of 31 March 2025, the Group's current liabilities exceeded its current assets, and the Group reported a net loss for the financial period.
- Revenue for the period was solely generated from the hotel management and consultancy services segment, which was impacted by a low occupancy rate in March 2025.
- The Company is exploring fundraising opportunities through capital markets and potential investors to improve its cash and financial position.
- The Board intends to endeavor to resolve the material uncertainty relating to going concern within the next twelve months.