Trek 2000 International has provided more information on the “documentation deficiencies” that were highlighted by external auditors.
Trek 2000, the tech company which invented the ThumbDrive USB flash drive, revealed the “documentation deficiencies” relate to documentation for certain sale transactions between a subsidiary of the company and a company.
The aggregate value of the sale transactions is approximately US$3.2 million ($4.4 million).
On Feb 29, company had announced it was applying to the Singapore Exchange for an extension of time to announce its FY15 results 60 days after its closing due to the “documentation deficiencies” which required further work to be carried out by the auditors.
Trek 2000 says the auditors had highlighted there were discrepancies in the identity of the customer as reflected in the company’s sales system and books; the delivery orders acknowledged by the customer and the airway bill related to the shipment of goods and lastly, the identity of the payor as stated in certain bank transfer notices.
Trek 2000 closed at 20 cents last Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Trek 2000, the tech company which invented the ThumbDrive USB flash drive, revealed the “documentation deficiencies” relate to documentation for certain sale transactions between a subsidiary of the company and a company.
The aggregate value of the sale transactions is approximately US$3.2 million ($4.4 million).
On Feb 29, company had announced it was applying to the Singapore Exchange for an extension of time to announce its FY15 results 60 days after its closing due to the “documentation deficiencies” which required further work to be carried out by the auditors.
Trek 2000 says the auditors had highlighted there were discrepancies in the identity of the customer as reflected in the company’s sales system and books; the delivery orders acknowledged by the customer and the airway bill related to the shipment of goods and lastly, the identity of the payor as stated in certain bank transfer notices.
Trek 2000 closed at 20 cents last Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment