OKH Global (SGX:S3N), engaged in real estate and investment activities, responded to the Singapore Exchange Securities Trading Limited (SGX-ST) regarding its FY24 financial results, according to a Friday filing on the Singapore Exchange.
The SGX-ST had raised concerns about the company's ability to meet its short-term liabilities, given current liabilities of SG$50.9 million and cash of SG$5.5 million.
In response, OKH Global stated it has refinanced short-term bank loans of SG$45 million, extending their maturity to December 2027.
The company's 15-month cash flow forecast indicates sufficient operational cash flows to meet payment obligations over the next year. Additionally, proceeds from future property sales will contribute to debt repayment.
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