Corporate digest

RHT Health Trust

RHT Health Trust (RHT) has received all outstanding amounts due from Fortis Healthcare for 9MFY2018 and 4QFY2018, it said on Wednesday. RHT had said in May that it was owed certain service fees as well as interest on convertible debentures which had yet to be paid. Fortis had previously provided an undertaking to RHT entities and RHT's trustee-manager that it would settle all outstanding amounts in tranches, and by June 20.

Midas Holdings

A WHOLLY OWNED unit of Midas Holdings has been found to have irregularities worth about 755 million yuan (S$158 million) in its transactions. Among other things, Midas said that Dalian Huicheng Aluminium (DLHC) had an undisclosed 300 million yuan Citic loan, which was entered on April 9, 2015 for two years. The loan and the asset which the loan was intended for were not recorded in DLHC's financial records.

MTQ Corporation

MAINBOARD-LISTED MTQ Corporation filed a notice of three consecutive years' losses, after it sunk deeper into the red with a full-year loss of S$27.8 million for the 2018 fiscal year. The group's net loss was S$15.1 million in FY2017.

Under Singapore's listing rules, companies will be put on the watch-list if they record pre-tax losses for three straight years, and have an average daily market capitalisation of less than S$40 million over six months. As at June 20, MTQ's six-month average daily market capitalisation stands at S$47 million.

Accordia Golf Trust

ACCORDIA Golf Trust's golf courses in the greater Osaka area have suffered minimal damage from the earthquake that struck on Monday.

On Wednesday, trustee-manager Accordia Golf Trust Management said there was no material damage to its assets or casualties reported at the golf courses. "Currently it is business as usual at our golf courses," it said.