GS Holdings (SGX:43A) will no longer be required to add quarterly reporting to its financial statements, according to a filing with the Singapore Exchange on Friday.
The company will cease quarterly reporting with immediate effect and will issue its financial statements for the six months ending June 30, 45 days after the end of the financial period.
The development comes after the company's auditor, PKF-CAP, did not highlight any material uncertainty relating to the group's ability to continue as a going concern.
The Singapore bourse previously required GS Holdings to announce its financial statements on a quarterly basis. However, with the clean audit opinion, the company is now exempt from this requirement.
Shares of the food and beverage company were down nearly 3% in recent trading.
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