Sen Yue Holdings

Sen Yue reverses into the black with $12.4 mil profit for 1QFY2023 - THE EDGE SINGAPORE

Results

Sen Yue reverses into the black with $12.4 mil profit for 1QFY2023

As at Dec 31, 2022, cash and cash equivalents stood at $19.6 million.

Results

Sen Yue Holdings expects to report 'commendable net profit' in FY2022

The group attributed the better performance to the improvement in its business performance.
Nothing boring in boardrooms with action aplenty this past AGM season - THE EDGE SINGAPORE

Corporate moves

Nothing boring in boardrooms with action aplenty this past AGM season

Certain active shareholders are still in the mood to engineer changes within boardrooms even in this pandemic season
Sen Yue's Kuala Lumpur operations to be suspended due to Covid-19 cases detected - THE EDGE SINGAPORE

Covid-19

Sen Yue's Kuala Lumpur operations to be suspended due to Covid-19 cases detected

The group says it has informed its customers about the situation and is renegotiating delivery deadlines.
DBS sends LOD to Sen Yue for almost $17.9 mil, Sen Yue to be wound up if it doesn’t return payment by stipulated date - THE EDGE SINGAPORE

Company in the news

Sen Yue in CAD probe; suspends Koh Mia Seng from all executive duties, proposes to remove him as director

Sen Yue says it is in discussions with DBS on suitable repayment proposals.

Management & Corporate Governance

SGX RegCo blocks Sen Yue's chairman from ousting fellow directors

Independent review established that Koh has multiple links with clients overdue with payments

Company in the news

Sen Yue suspends trading as boardroom fight spills into the open

xecutive chairman Koh Mia Seng has on April 21 called for an EGM, citing dissatisfaction at the company’s recent performance. With the move, he is aiming to get rid of other directors, including CEO and executive director Neo Gim Kiong.

Covid-19

Sen Yue to delay completion of new smelting facility to end-June on Covid-19 disruption

The group has pushed back the completion from end-March to end-September, citing disruptions to manpower of contractors.

Company in the news

Sen Yue eyes earnings recovery with e-waste diversification and new smelting facility

This smelting facility, the first in Singapore, would allow the group to process up to a total 1,000 tonnes of discarded batteries which have been grounded to a powder per month.

Sustainability

Sen Yue to build new metal and materials smelting facility

SINGAPORE (July 18): Sen Yue Holdings, the e-waste management solutions provider, will be setting up a new smelting facility here to support growth and enhance the capabilities of its waste management business.
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