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A Gallant concern

Loss-making firm's high debt levels and weak cashflow problems likely to persist into 2017

MAINBOARD-LISTED Indonesian play Gallant Venture, in which Sembcorp Industries holds a 12 per cent stake, is going through a rough patch. And the market shows it.

The latest second-quarter results of the vehicle distributor and Batam-Bintan developer paint the picture of a loss-making