SUBSCRIBERS
Allied Tech has S$9.9m in kitty; to start new escrow account with local bank
Add BT as a preferred source
Sharanya Pillai
Published Fri, Jun 7, 2019 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PRECISION engineering firm Allied Technologies has S$9.9 million in the kitty as of end-May and is in the midst of opening an escrow account with a local bank, the Catalist-listed firm said in a filing on Friday.
Allied Tech's current cash holdings stand in sharp contrast to the firm's opening cash balance of S$45.3 million as of May 1. This is mostly due to the S$33.2 milion sum pending recovery from law firm JLC Advisors.
Copyright SPH Media. All rights reserved.
