Darco explains why it is writing off debts worth S$2.46m
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Sharon See
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Singapore
DARCO Water Technologies is preparing to write off S$2.46 million worth of debts it has deemed to be of "low recoverability" after they have been due for some three years.
In response to queries from the Singapore Exchange (SGX), the mainboard-listed company said the impairment loss stems from three projects and a former subsidiary.
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