Hyflux, to adjust for a fall in carrying value of the Tuaspring water and power plant and other write-downs. This figure was released on Saturday, after Hyflux submitted its latest statement of financial position to the High Court. Hyflux had asked a valuer to conduct an up-to-date valuation of the Tuaspring plant, but no exact figure was shared in the submission., which owns three land parcels in China's Guangdong province totalling 36,405 square metres , for 738 million yuan .
. It had previously been given until Feb 28, 2019 to meet financial criteria that would allow it to exit the bourse's watch list. The company said it has been able to streamline its existing oil and gas business segment and operations to improve the group's cash flow, while also diversifying into new businesses to acquire new revenue streams. It added that is now close to achieving the minimum trading price of S$0.20 set by SGX. Mirach shares closed on Friday up 0.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »