OneSolution Technology Inc. (NA: KRFG), a manufacturer specializing in power distribution and specialty transformers, saw the resignation of LO Mei Fan Pauline from her position as a Director on October 8, 2024, citing personal reasons. The company clarified that the departure was not due to any operational disagreements. Despite this, concerns about financial stability arose due to a working capital deficit and net loss in recent financial statements.
Although OneSolution Technology reported strong revenue growth over the past year, challenges remain with negative operating income and short-term obligations exceeding liquid assets. Despite these concerns, the company has shown positive market performance with a 33.33% return over the last month, indicating investor optimism.
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