Hong Leong Finance warns SMEs of headwinds

Singapore

HONG Leong Finance on Thursday warned of uncertainties and challenges among small and medium-enterprises amid the restructuring toll.

"Business models and processes have to change, thus creating new avenues of financing for small companies," Hong Leong said in its financial statement, as it reported a 10.4 per cent fall in full-year net profit after providing for doubtful debts.