Informatics' board confident of ability to continue as going concern

SINGAPORE (July 3): The board of Informatics Education has expressed confidence of the company’s ability to continue as a going concern.

The is in response to the group’s auditors, Ernst and Young after it recently expressed uncertainty regarding the group’s ability to continue as a going concern after examining its FY18 financial statements.

The board of Informatics said it had received a letter of undertaking from indirect controlling shareholder Tan Sri Vincent Tan Chee Yioun to provide financial support of up to $5 million until June 30, 2019.

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