Swee Hong 'faces financial uncertainties'

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.