cfm holdings

Results

CFM Holdings reports earnings of $980,000 for 1HFY2024

Earnings were down 90% compared to $9.4 million in 1HFY2023 when CFM disposed of an asset for $8.13 million.
CFM Holdings reports earnings of $9.4 mil for 1HFY2023, a 31.7 times surge y-o-y - THE EDGE SINGAPORE

Results

CFM Holdings reports earnings of $9.4 mil for 1HFY2023, a 31.7 times surge y-o-y

The growth was due to the surge in other income, which surged mainly due to the disposal of non-current asset held for sale.

Property

CFM Holdings proposes to purchase two units at Link @ AMK for $2.1 mil

Each unit measures 200 sqm (2152.78 sq ft) and has a 60-year leasehold commencing from June 28, 2011.

SGX query

CFM Holdings receives SGX query on 'unusual' share price movements

Shares in CFM Holdings closed 2.6 cents lower or 12.09% down at 18.9 cents on Sept 17.

SGX query

CFM Holdings triggers SGX query after share price climbs 33%

CFM Holdings' share price climbed to a high of 31.3 cents on June 10, up 33.2% from its previous close of 23.5 cents.
CFM seeks to acquire 51% stake in Covid-19 testing kit distributor for $6 mil - THE EDGE SINGAPORE

M&A

CFM seeks to acquire 51% stake in Covid-19 testing kit distributor for $6 mil

The acquisition is subject to shareholders’ approval, to be sought at an EGM at a later date.

Company in the news

Investor Ang Hao Yao no longer substantial shareholder at CFM Holdings

The sale has reduced Ang’s stake in the company to 3.725% from 5.427%.
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