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Breach
REITs
Decline in valuations, lower rents, fees paid in cash instead of units cause breach of financial covenants for Dasin
Dasin Retail Trust breaches gearing ceiling and ICR floor, announces litigation involving sponsor
April 24, 2023
Company in the news
AEM Holdings reports breach, conducting "rigorous review" post-incident
Upon discovery, the company took immediate and appropriate steps to contain the incident and prevent further unauthorised access.
September 05, 2022
Nam Cheong serves arbitration notice to Perdana Petroleum’s unit
SINGAPORE (Dec 23): Nam Cheong says its subsidiary Nam Cheong International has served a notice of arbitration to Perdana Petroleum’s subsidiary Petra Offshore over the termination of a purchase of an accommodation work barge.
December 23, 2016
SGX raps KLW Holdings and former top executives over listing rule breaches
SINGAPORE (Oct 3): The Singapore Exchange has reprimanded door manufacturer KLW Holdings over breaches of Catalist rules, as well as the company’s former managing director, Lee Boon Teck and group financial controller, Jaslin Gaw.
October 03, 2016