KUALA LUMPUR: MLABS Systems Bhd ’s external auditors, Messrs. PKF has expressed qualified opinion in the company's audited financial statements for the financial year ended June 30, 2021. In a filing with Bursa Malaysia on Tuesday, the qualified opinion was about Mlabs’ subsidiary which had invested in Coinful Capital Fund. PKF said the fund participated in the non-voting, redeemable shares issued by DGC Fund, a segregated portfolio of Coinful Capital Fund, which is known as Coinful Growth Fund I (CGFI). Meanwhile, PKF also said during the financial year, Mlabreported realised gain on investment amounted to RM757,543. PKF pointed the the subsidiary has taken a role as an investor hedging against the fluctuation of gold price.

Source: The Star November 09, 2021 16:42 UTC