going concern

Company in the news

Hiap Seng Engineering suspends trading as losses continue; engages consultant to undertake financial review, assessment

SINGAPORE (Nov 28): Hiap Seng Engineering before market open on Thursday called for a trading suspension, citing concerns over the group’s ability to operate as a going concern.

Management & Corporate Governance

SGX, independent auditors raise questions over health of Capital World's finances

SINGAPORE (Oct 14): Capital World, the property developer formerly known as Terratech Group, says it believes it is able to continue as a going concern, despite a disclaimer opinion by the company’s independent auditors Messrs Ernst & Young LLP in the g

Management & Corporate Governance

Asiatravel.com faces suspension of travel agent licence; non-executive director resigns

SINGAPORE (July 17): Asiatravel.com Holdings announced Tuesday that it has received a notice of intent from the Singapore Tourism Board (STB) on July 13 to suspend its travel agent licence for six months.

Midas' board says company unable to operate as going concern; auditor Mazars says financial reports it issued no longer valid

SINGAPORE (May 4): Midas Holdings is expected to be unable to operate as a going concern, says its board of directors in a Friday night filing.

Triyards says no going concern worries, to review potential impact of Ezra bankruptcy filing

SINGAPORE (March 22): Triyards Holdings, the 60%-owned subsidiary of beleaguered offshore company Ezra Holdings, says it is in the midst of assessing the potential impact of Ezra’s recent bankruptcy filing on the group – but, at this stage, does not

Ezra calls for trading halt amid writedowns at joint venture

SINGAPORE (Feb 2): Ezra Holdings has requested for a trading halt before trading hours on Wednesday, as Chiyoda Corporation and NYK Line issued warnings of one-off write downs against their  stakes in Emas Chiyoda Subsea, the subsea joint venture with Ez

Rex International says it remains a going concern; embarks on new cash-generating initiative

SINGAPORE (Sept 5): Rex International Holdings says the group’s operations remain a going concern, even as its share price has fallen 47% year to date, hit by falling oil prices, the news of Swiber’s bankruptcy, and the debt woes of other oil and gas
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