Corporate digest
Add BT as a preferred sourceSen Yue Holdings
SEN Yue Holdings sees itself as a going concern for the financial year ended September 2020 and has no intention of undergoing voluntary liquidation or ceasing trading in the foreseeable future.
The waste management group did a review of its cash flow forecasts and concluded that except for subsidiary SMC Industrial (SMCI), there will be sufficient cash flows and resources to allow the group to continue its operations and meet its obligations.
Earlier this month, Sen Yue reported that DBS, its bank creditor, had applied to the High Court for the group and SMCI to be placed under judicial management.
SMCI owes DBS around S$5.9 million and has about US$9 million outstanding, plus all accrued interest and legal costs on an indemnity basis.
Matex International
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CATALIST-LISTED Matex International is in discussion with a third party on a possible sale of some assets with the objective of enhancing shareholders' value, the textile speciality chemical maker announced.
Matex stated in the regulatory statement on Thursday that there is no assurance that the transaction will be eventually entered into or completed even after an agreement has been inked.
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