Sunningdale Tech replies to Quarz, says focus is on 'long-term value'

Singapore

A DAY after being urged by a minority shareholder to improve its quality of financial reporting, the board of Sunningdale Tech said on Wednesday that it will give the recommendations "appropriate consideration".

In an open letter on Tuesday, Quarz Capital Management urged Sunningdale to increase shareholder value by reporting one-off costs separately from core net profit in its income statement, in order to give investors a better sense of the company's underlying fundamentals.