Pharmaniaga says ‘stands firm’ on financial recovery to exit PN17

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Pharmaniaga News

PN17,LTAT,Pricewaterhousecoopers

KUALA LUMPUR, May 10 — Pharmaniaga Bhd said it “stands firm with its commitment to financial recovery amidst the opinion of its independent auditor PricewaterhouseCoopers (PWC)...

A trip through time at Restoran Chen Fatt in Seri Kembangan where the paper-wrapped chicken, ‘mui choy kau yoke’ are as good as ever

Previously, the auditing firm raised the issue of Pharmaniaga’s ability to continue as a going concern based on the company’s 2023 financials. “We have aggressively implemented various initiatives, which include but are not limited to streamlining all business operations; ceasing non-core and underperforming businesses; improving operational efficiency and cost optimisation via stringent cost containment and manpower rightsizing; tightening the group’s corporate governance; and improving margin by focusing on high value products and services.

PN17 LTAT Pricewaterhousecoopers PWC

 

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