June 28 (Reuters) - SES Imagotag said external auditors have concluded it did not overstate revenue nor did the company buy and sell repeatedly on round trip transactions between its Chinese business partner, BOE, refuting allegations made by hedge fund Gotham City Research.

The French smart digital labels specialist said auditors Deloitte and KPMG provided it a certificate indicating that transactions with BOE for a total amount of 53.1 million euros ($57.94 million) were neutralized and were not part of its revenue totaling 620.9 million euros at December 31, 2022.

"This invalidates the central argument on which Gotham City's report based its accusation of round-trip double-counting between BOE and SES-imagotag," the French company added in a statement on Wednesday.

SES Imagotag said it has asked its advisors to alert the French market regulator AMF to the "numerous breaches of regulations committed by Gotham City" and to initiate procedures to defend its interests, including with the national financial prosecution office (PNF) for disseminating false and misleading information.

Gotham City Research released a report last week where it said it believed SES Imagotag's financial statements were "materially misleading, incorrect, and deficient."

The shortselling report by Gotham City led to the company's shares falling sharply in pre-open trading on the Paris stock exchange last Thursday, leading Euronext to temporarily halt trading.

The company subsequently asked stock exchange operator Euronext to suspend its shares.

In response, SES Imagotag Chief Executive Thierry Gadou told Reuters that the report contained inaccuracies and that the company's numbers "were true", adding that the allegations "are based on flawed reasoning and wrong data," he added.

Gotham City did not immediately respond to a Reuters request for comment. (Reporting by Juby Babu in Bengaluru; Editing by Chris Reese and Stephen Coates)