LYC Healthcare aims Aug 28 release of delayed annual report
KUALA LUMPUR: LYC Healthcare Bhd is targeting Aug 28 to issue its delayed annual report for the financial year ended March 31, 2026 (FY26), as outstanding audit matters involving a disposed subsidiary and accounting treatments remain unresolved.
KUALA LUMPUR: Healthcare company LYC Healthcare Bhd is aiming to release its delayed annual report for the financial year ended March 31, 2026, on August 28. The delay is due to ongoing audit issues involving a disposed subsidiary and accounting treatments that have not been resolved. The company's shares have been suspended from trading since August 10 because of the delay.
In a filing with Bursa Malaysia, LYC stated that the audit was in its final stages, but three matters remain outstanding, including the completion of work on the disposed subsidiary Elite Dental Team Sdn Bhd and a review of financial reporting. The external auditor SBY Partners PLT is expected to seek board approval of the financial statements by August 28, contingent on LYC's management cooperating in resolving the issues.
LYC had initially expected to release the report by August 7 after appointing SBY Partners as its auditor, but the process took longer than anticipated.
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