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Swee Hong's auditor flags 'material uncertainties'

Friday, October 7, 2016 - 18:13

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

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

The loss-making civil engineering company has its current liabilities exceeding its current assets. The court approved a scheme of arrangement between Swee Hong and certain of its creditors on Nov 25, 2015.

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