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07-07-2008, 08:23 PM

abhinav2492 abhinav2492 is offline

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Informatics education down after audit

Shares of Informatics Education plunged by as much as 22 percent to a 21-month low of S$0.035 after an audit from Ernst and Young said that there was a material uncertainty regarding the firm's ability to "continue as a going concern".

Factors such as the firm's net loss for this year and financial obligations arising from its liabilities exceeding total assets cast doubts over Informatics' future.

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