The Business Times
business-time-50
SUBSCRIBERS

Swee Hong 'faces financial uncertainties'

google-preferred-sourceAdd BT as a preferred source
Published Fri, Oct 7, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

AUDITORS of Swee Hong, which is undergoing a debt restructuring exercise, said on Friday there are "material uncertainties" over the company's financials for its full year ended June 30, 2016.

In the independent auditor's report, the auditor drew attention to the current liabilities of the loss-making civil engineering company. The group's current liabilities had exceeded its current assets by S$56.6 million.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

Tthe Bond franchise has spanned over 60 years, grossing more than US$7 billion at the global box office, making it one of the most successful ever.

Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise

The acquisition of Citigroup's retail banking businesses in Indonesia, Malaysia, Thailand and Vietnam has helped double UOB’s customer base across the four markets.

UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates

Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

In taxing wealth, how far can Singapore push property owners?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More