Aspial Corp

Insider moves

Aspial in active buybacks; Wilmar’s independent director Mahbubani cuts stake

Aspial sees 'increasing traction' in the sale of its remaining units in the Australia 108 development

Regulatory Action

MAS imposes civil penalty of $100,000 on individual for false trading of Aspial and Far East Orchard shares

Tan had pledged her Aspial and Far East Orchard shares as collateral for share margin purposes.

Debt and defaults

Debt danger lurks in Covid-19 shadow

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

Results

Aspial reports 40% drop in 1Q earnings to $4.6 mil on lower sales

SINGAPORE (May 9): Aspial Corp reported a 40% drop in 1Q19 earnings to $4.6 million, or 0.24 cents per share, from $7.6 million a year ago.

Property

Melbourne developments by Fragrance and Aspial see contrasting fortunes

(Apr 4): A downturn in Melbourne's property market has resulted in the contrasting fortunes of condos built by the Koh brothers.

In print this week

Even as property market stirs, Fragrance’s Koh sees little value in current land prices

SINGAPORE (Mar 12): Koh Wee Meng, the billionaire real estate tycoon best known for developing a string of budget hotels in Geylang, is as unassuming as they come. Clad in a simple black suit and a white shirt open at the collar, the chairman and CEO of F

TES 800th Issue

10 stocks with the highest returns since The Edge Singapore first went to print

SINGAPORE (Oct 6): The 800th issue of The Edge Singapore this week features 10 companies with the highest returns since our first issue was published in March 2002.

Aspial half-year losses narrow to $0.2 mil

SINGAPORE (Aug 9): Aspial Corp, the jewellery retail, property and financial services group, reported half-year losses narrowed to $0.2 million from $3.3 million a year ago.

In print this week

Will there be trouble down under for World Class Global?

SINGAPORE (June 30): Shares in World Class Global (WCG) were sold at 26 cents each at its recent IPO – more than twice the company’s net asset value (NAV) of 11.4 cents a share.  
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