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RECEIPT OF NO-OBJECTION LETTER FROM SGX REGCO ON THE RESUMPTION OF
TRADING PROPOSAL
any news on this shit?! my $20k stuck in this counter
Once lousy forever lousy. Changed board many times, business many times. Only people who running it getting paid regardless
https://links.sgx.com/1.0.0/corporate-announcements/4OGGHC83D4BBF99V/6b474df0bcb2b2288997444cdd55934e988e7cca493544234f91b0e49a6be848
https://links.sgx.com/1.0.0/corporate-announcements/4OGGHC83D4BBF99V/6b474df0bcb2b2288997444cdd55934e988e7cca493544234f91b0e49a6be848
Emerging Towns & Cities guides for loss in 1HFY2021
Emerging Towns & Cities Singapore (ETC) is advising shareholders that it is expecting to report a loss for its 1HFY2021 ended June.
The loss is mainly attributable to the company' s ongoing process of finalising the valuations on the group&rsquo s investment properties as at end-June. Based on indicative values, the company expects to recognise fair value losses on the group&rsquo s investment properties at the Golden City project, which are non-cash in nature write-down of the group&rsquo s development properties at the Golden City project in 1HFY2021, which are non-cash in nature and lower revenue recognised for the sales of Golden City property units in 1HFY2021.
This profit guidance is based on a preliminary review of the unaudited financial results of the group for 1HFY2021. The group is still in the process of finalising the financial results for 1HFY2021 and further details of its financial performance for 1HFY2021 will be disclosed when it announces its 1HFY2021 financial results on or about September 16, 2021.
To recap, the group recorded a loss of $2.6 million in its FY2020 ended December, compared to earnings of $6.7 million in FY2019. This was as revenue dropped 32.8% y-o-y to $27.8 million, mainly due to fewer Golden City property units recognised as revenue in FY2020 -- 50 units were recognised as revenue in FY2020 as compared to 107 units in FY2019.
Emerging Towns & Cities guides for loss in 1HFY2021
Emerging Towns & Cities Singapore (ETC) is advising shareholders that it is expecting to report a loss for its 1HFY2021 ended June.The loss is mainly attributable to the company' s ongoing process of finalising the valuations on the group' s investment properties as at end-June. Based on indicative values, the company expects to recognise fair value losses on the group' s investment properties at the Golden City project, which are non-cash in nature write-down of the group' s development properties at the Golden City project in 1HFY2021, which are non-cash in nature and lower revenue recognised for the sales of Golden City property units in 1HFY2021.
This profit guidance is based on a preliminary review of the unaudited financial results of the group for 1HFY2021. The group is still in the process of finalising the financial results for 1HFY2021 and further details of its financial performance for 1HFY2021 will be disclosed when it announces its 1HFY2021 financial results on or about September 16, 2021.
To recap, the group recorded a loss of $2.6 million in its FY2020 ended December, compared to earnings of $6.7 million in FY2019. This was as revenue dropped 32.8% y-o-y to $27.8 million, mainly due to fewer Golden City property units recognised as revenue in FY2020 -- 50 units were recognised as revenue in FY2020 as compared to 107 units in FY2019.
Shares in ETC closed at 3.4 cents.
Prior to previous suspension, price was 0.024. Then a placement of 0.03 to two people Only. Open trade of 0.039 after suspension... clear sign of something not right.
treetops ( Date: 03-Mar-2021 07:29) Posted:
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Like sunmoonfood. Tio suspend and never wake up. Lol.
Drop alot then suspend.
Ryuuenji ( Date: 03-Mar-2021 01:55) Posted:
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Suspension.... lol
they have to unhalt by 2mrw?
leemenghoe ( Date: 01-Mar-2021 19:48) Posted:
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have not reply to sgx queries...i think gg liao
Pay$ buy stake of land and develop...got so serious meh?
many company got business there, got land?
many company got business there, got land?
DoomGloom ( Date: 27-Feb-2021 16:39) Posted:
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There is deeper implications that Singapore is funding Myanmar Military . I think the Sg got should investigate this Justice of Mymmyar politically motivated website and sue like Terry Xu.
Better change the headline
Once a junk stock always a junk stock.
People who believed in this stock all die a terrible death....
People who believed in this stock all die a terrible death....
SGX queries Emerging Towns & Cities over Myanmar project
[SINGAPORE] The Singapore Exchange (SGX) on Friday issued a list of queries to developer Emerging Towns & Cities (ETC) over its project in Myanmar after a rights group critisised the company for doing business with the military.
ETC is among companies being called out by activists over ties to the Myamar military, which seized power from the elected government in a Feb 1 coup, sparking widespread protests in the country and international condemnation.
Singapore is the biggest source of foreign investment into Myanmar, according to the governments of both countries.
Singapore-headquartered payments firm Coda told Reuters on Friday it had deactivated military-linked telecom operator Mytel from its portfolio of payment channels. This means that Mytel customers cannot make purchases using Coda' s services.
ETC is developing a commercial and residential project in Myanmar called Golden City, which is being built on land leased from the Myanmar army.
The development has a total tenure of 70 years, including extensions, after which the entire project transfers to the lessor - the army' s office of the quartermaster general, according to ETC' s annual report.
ETC, through a subsidiary, paid US$24.9 million for a 49 per cent stake in Golden City.
Trading in ETC shares, which are listed on SGX' s Catalist platform for smaller companies, were halted through Friday.
The company did not respond to a request for comment.
In its report, rights group Justice for Myanmar said Golden City " channels millions of dollars" to the army.
SGX' s queries include requiring ETC to elaborate on its fundraising efforts, status updates and details of the Golden City project by March 1.
The SGX also told ETC to put on hold a proposed placement exercise and other fundraising activities until it provides clarity on issues raised by the report.
Activist taking action. News may soon spread fast and furious within Myanmar. Dyodd.
https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/sgx-queries-emerging-towns-cities-over-myanmar-project%3famp
"The Singapore Exchange (SGX) on Friday issued a list of queries to developer Emerging Towns & Cities (ETC) over its project in Myanmar after a rights group critisised the company for doing business with the military.
ETC is among companies being called out by activists over ties to the Myamar military, which seized power from the elected government in a Feb 1 coup, sparking widespread protests in the country and international condemnation."
https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/sgx-queries-emerging-towns-cities-over-myanmar-project%3famp
"The Singapore Exchange (SGX) on Friday issued a list of queries to developer Emerging Towns & Cities (ETC) over its project in Myanmar after a rights group critisised the company for doing business with the military.
ETC is among companies being called out by activists over ties to the Myamar military, which seized power from the elected government in a Feb 1 coup, sparking widespread protests in the country and international condemnation."
laksaman57 ( Date: 27-Feb-2021 10:10) Posted:
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Why play land belong to govt ? In Singapore lands belong to govt ...
DoomGloom ( Date: 27-Feb-2021 08:50) Posted:
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monday will likely drop by moe than percent.im vested 330 lots at 41c😣 😣 😣 😭 😭 😭
omg
DoomGloom ( Date: 27-Feb-2021 12:13) Posted:
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How how how?