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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.