As reported by pv magazine, BDO was not permitted access to the paperwork on 11 solar project companies sold by Shunfeng International in 2020 and, therefore, could not offer an opinion on the financial prospects of the business based on last year’s performance either, given the lack of comparative numbers.
The solar developer is preparing to sell off its most profitable operation and is reliant on the goodwill of creditors as it plans to divest more of its Chinese solar projects.
The auditor cited the threat posed to the debt saddled business as the reason for resigning its role, effective from today.
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