other material
confidence high
sentiment negative
materiality 0.80
Greenpro Capital restates 2021 quarterly financials due to erroneous Hong Kong real estate sale
Greenpro Capital Corp.
- Company restates unaudited financials for Q1, Q2, Q3 2021 due to erroneous recording of a Hong Kong real estate sale.
- Error reversed $383,445 in sales revenue and $253,276 in cost of real estate sold across all three quarters.
- Adjustments also impact prepayments, other current and non-current assets, and noncontrolling interest each quarter.
- Previously filed Q1, Q2, Q3 2021 Form 10-Qs should no longer be relied upon.