Raffles Education shares plunged after major shareholder Oei Hong Leong criticized Chairman and CEO Chew Hua Seng for hiring “all his adult members of his family at high salaries.”
Jasper Investments filed Friday comments from its auditors citing a material uncertainty over its ability to continue as a going concern.
Singapore companies in focus for Thurs., 14 Oct. 2021: Keppel, Challenger, Dymon Asia, AA REIT, Duty Free International, Dasin Retail Trust Management, ASL Marine, JUMBO and Chuan Hup.
Duty Free International said Wednesday its fiscal 2Q net loss narrowed to MYR5.65M, mainly on lower expenses as its stores were shuttered.
ASL Marine’s auditor cited a material uncertainty over the group’s ability to continue as a going concern in its report on the fiscal 2021 financial statements.
AIMS APAC REIT said Wednesday its fiscal 1H net property income rose 19.4% on-year to S$47.71M, mainly on the 7 Bulim Street property.
Darco Water said Friday the first settlement payment from Emsus and Do Yun Yu came in short and late, leading it to issue a letter of demand.
Raffles Education said Friday its independent auditor cited a material uncertainty over whether the company can continue as a going concern.
Singapore companies in focus Fri., 7 Oct. 2021: Keppel, OUE C-REIT, Olam, CapitaLand Investment, Quarz Capital, Sabana Shariah REIT, Parkway Life REIT, KSH, Lian Beng, Heeton, AusGroup, Beng Kuang Marine and Metech.
Tosei Corp. reported Tuesday its net profit for the fiscal nine month period nearly tripled to JPY7.08B despite hotel segment losses.
SPH reported Tuesday its fiscal year swung to a net profit of S$92.94 million, citing an improved performance across all segments.
SPH REIT reported Monday its fiscal 2H net property income increased 24.6% on-year as rental assistance and interest rates declined.