MAINBOARD-LISTED Second Chance Properties said on Thursday that it expects to report a lower profit for the financial year ended Aug 31, compared to the last financial year.

SECOND Chance Properties intends to undertake a proposed bonus issue of free warrants to subscribe for new shares in the company to raise a maximum of S$1.13 billion in gross proceeds.

MAINBOARD-LISTED Second Chance Properties on Thursday posted a 12.5 per cent rise in net profit to S$2.34 million for the third quarter ended May 31, 2019.