other material
confidence high
sentiment negative
materiality 0.75
Greenpro Capital restates Q1 2021 results; erroneously recorded Hong Kong property sale
Greenpro Capital Corp.
- Non-reliance on previously filed Q1 2021 Form 10-Q due to error in recording sale of a Hong Kong real estate property.
- Restatement decreases sales revenue by $383,445 and increases real estate held for sale by $246,087.
- Other adjustments: cost of property sold down $253,276, interest income down $1,433, accrued liabilities up $45,843.
- Audit Committee authorized restatement; discussed with auditor JP Centurion & Partners PLT.