SUBSCRIBERS
Darco explains why it is writing off debts worth S$2.46m
Sharon See
Published Tue, Mar 10, 2020 · 09:50 PM
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
