GRP Addresses SGX Queries on FY2024 Annual Report

MT Newswires

Oct 15, 2024

GRP (SGX:BLU) has responded to inquiries from the Singapore Exchange regarding its annual report for the financial year ended June 30, according to a Monday filing on the Singapore Exchange.

The company clarified that net cash used in operating activities was adjusted to SG$456,000 from SG$745,000 due to reclassifying SG$202,000 in interest earned but not received and recognizing an SG$87,000 unrealized foreign exchange loss.

Additionally, net cash generated from investing activities decreased from SG$277,000 to SG$68,000, reflecting a similar reclassification.

GRP appointed three new board members in August, emphasizing a merit-based approach to diversity without specific numerical targets.

The company is pursuing legal action against former CEO David Su Hsieng Loong for a SG$1.6 million short-term loan, pending court approval for substituted service due to Loong being out of Singapore.

Price (SGD): S$0.07, Change: S$-0.0010, Percent Change: -1.33%

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