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%
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.