Corporate digest

Published Tue, Aug 24, 2021 · 05:50 AM

iX Biopharma

PHARMACEUTICAL company iX Biopharma said its net loss for the financial year ended June 30 narrowed to S$8.2 million from the previous year's loss of S$10.5 million.

This is due to a 77 per cent increase in revenue to S$1.7 million, boosted by demand for the group's nutraceutical products and WaferiX-based product development services from pharmaceutical companies in China, the Catalist-listed company said in an exchange filing on Monday.

Loss per share was 1.2 cents.


No Signboard Holdings

RESTAURATEUR No Signboard Holdings recorded an impairment loss of over S$478,000 due to losses incurred by its restaurants affected by the Covid-19 pandemic, the Catalist-listed company said in response to an SGX query.

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In particular, its two outlets of the Little Sheep Hotpot business and three Mom's Touch fastfood outlets recorded lower revenue than anticipated due to Heightened Alert restrictions, which include a ban on dine-ins, resulting in a write-down of nearly S$430,000 for its third quarter.


Eneco Energy

ENECO Energy's chief financial officer Lee Shih Yi has resigned from the company as a result of a public reprimand by the SGX Securities Trading Listings Disciplinary Committee last Friday for her role in causing property developer Astaka Holdings to breach Catalist rules. Ms Lee was former CFO of Astaka.

Astaka's present executive director and former chief executive Zamani Kasim was also publicly reprimanded and has resigned from Astaka.

According to an exchange filing, they failed to promptly disclose a piece of material information known to the company that was necessary to avoid the establishment of a false market in the company's securities.

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