Corporate digest
Sin Heng Heavy Machinery
THE board of lifting service provider Sin Heng Heavy Machinery on Friday said that the group is expected to record a net loss for its second quarter ended Dec 31, 2016, mainly due to unrealised fair value loss on forward currency contracts.
This comes after a preliminary assessment of the group's draft unaudited financial results. It said that further details of the group's financial performance will be disclosed when it announces its results on or before Feb 14, 2017.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Germany, Spain push back on European plan to ban Huawei gear