OKH Global Addresses SGX Query on Financial Position

MT Newswires

Sep 09, 2024

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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Additionally, proceeds from future property sales will contribute to debt repayment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S3N.SI","symbol_name":"新建集团","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2466471183","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466471183","pubTimestamp":1725850645,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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