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.

The counter last traded on Jan 25 at S$0.35.

The Hour Glass

WONG Mei Ling has quit as the Singapore managing director of The Hour Glass after more than seven years with the retailer of luxury watches.

Ms Wong, 44, who joined Hour Glass in October 2009, left to pursue other interests, according to a filing to the Singapore Exchange on Friday. She was responsible for the development and management of the company's watch business. Her last day will be end of this month.