JES to ask SGX for more time to report results

Singapore

JES International Holdings will ask the Singapore Exchange (SGX) for an additional month to report its 2014 results and to hold its annual general meeting because of issues related to its Chinese subsidiaries.

JES, a China-based shipbuilding and engineering company, said it appointed an independent valuer to assess its Chinese subsidiaries' fixed assets at the request of its auditor. But the valuer recently informed the company that it will need another two to three weeks before the valuation report can be ready.