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https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/emerging-towns-cities-suspends-trading-to-conduct-review-of-myanmar-contract%3famp
"EMERGING Towns & Cities Singapore (ETC) has voluntarily converted its trading halt into a trading suspension, and will engage an independent professional to review some of its dealings in Myanmar...."
"EMERGING Towns & Cities Singapore (ETC) has voluntarily converted its trading halt into a trading suspension, and will engage an independent professional to review some of its dealings in Myanmar...."
Myanmar this country no forumer interested ? What human right they are talking ?
ysh2006 ( Date: 03-Mar-2021 09:26) Posted:
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This counter why suspended ? cannot answer Sgx queries ?
Four years ago people started short in this company at 9c don't he still hold that short ?
Wow 0.095 now. Huat ah my short
This one still can short if there are buyer at 0.1. Today will break new low
Cover at 0.1. kopi money
0.1 now. Huat ah
This one will break below 0.1 by today or tomorrow
Shorted 50 lots at 0.102. Contra players will be selling today
Well u short later the bb push up..u die..
This one seem like got some entertainment value...can watch
This one seem like got some entertainment value...can watch
0.103 now. Huat ah
0.104 now. Huat ah
Shorted 100 lots at 0.105
SINGAPORE (Feb 28): Emerging Towns & Cities Singapore, the company formerly known as Cedar Strategic Holdings, posted a nine-fold rise in FY16 earnings to RMB63.9 million ($13 million) from RMB7.5 million a year ago as revenue rose to RMB718.8 million from RMB26.3 million.
In a filing on Monday night, ETC Singapore says the significant strengthening of both the top and bottom lines can be traced primarily to the consolidation of DAS, which holds an effective 49% equity stake in Myanmar?s landmark luxury development project, Golden City.
As of Dec 20, the group has acquired an equity stake of 75% in DAS. Consequently, the group was able to recognise revenue of RMB570.2 million arising from the recognition of sale of 205 property units from the initial development phase of the Golden City project. As at Dec 31 2016, 230 additional units have been sold but yet to be recognised.
Tan Thiam Hee, CEO of ETC Singapore, said, ?The iconic mixed-use development in Yangon, Myanmar, is a complementary addition to our portfolio, as it perpetuates our two-pronged strategy of seeking short-term development profit while securing long-term recurring rental income. Having reaped our maiden returns from Golden City, we can look forward to greater income visibility and resilience in the coming periods as we progressively book in both sale and rental income from the Golden City and the Daya Bay projects.?
As at Dec 31 2016, the group?s development properties stood at RMB1.2 billion, a substantial increase from RMB169.1 million as at Dec 31 2015. In addition, the group has accumulated cash and cash equivalents amounting to RMB79.3 million as at Dec 31 2016. The group expects to channel it towards funding its overall working capital needs.
In a filing on Monday night, ETC Singapore says the significant strengthening of both the top and bottom lines can be traced primarily to the consolidation of DAS, which holds an effective 49% equity stake in Myanmar?s landmark luxury development project, Golden City.
As of Dec 20, the group has acquired an equity stake of 75% in DAS. Consequently, the group was able to recognise revenue of RMB570.2 million arising from the recognition of sale of 205 property units from the initial development phase of the Golden City project. As at Dec 31 2016, 230 additional units have been sold but yet to be recognised.
Tan Thiam Hee, CEO of ETC Singapore, said, ?The iconic mixed-use development in Yangon, Myanmar, is a complementary addition to our portfolio, as it perpetuates our two-pronged strategy of seeking short-term development profit while securing long-term recurring rental income. Having reaped our maiden returns from Golden City, we can look forward to greater income visibility and resilience in the coming periods as we progressively book in both sale and rental income from the Golden City and the Daya Bay projects.?
As at Dec 31 2016, the group?s development properties stood at RMB1.2 billion, a substantial increase from RMB169.1 million as at Dec 31 2015. In addition, the group has accumulated cash and cash equivalents amounting to RMB79.3 million as at Dec 31 2016. The group expects to channel it towards funding its overall working capital needs.