Tritech Cites Funding Plans, New Contracts to Support Going Concern
MT Newswires
Jul 15
Tritech Group (SGX:5G9) said it is preparing its financial statements on a going concern basis despite reporting a net loss of SG$3.5 million for the financial year ended March 31.
The fully integrated manufacturing company expects to complete ongoing projects on schedule, generate positive cash flows, and has sufficient bank facilities to support operations over the next 12 months, according to a Wednesday Singapore Exchange filing.
It also cited potential new contract awards, ongoing discussions over a put option, and plans to raise additional capital through fundraising or alternative financing to strengthen its financial position.
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