28-11-2014, 10:02 AM
I guess Darco isn't a S-chips, by "industrial" definition. If the company is a S-chip, the shareholders will dump its share and shout for "fraud, fraud " by now, and demand a "SGX regulation"...
(not vested, and never study this stock before)
Darco Water to reclassify cash position following review
SINGAPORE (Nov 28): Darco Water Technologies ( Financial Dashboard) says it has to reclassify its cash position after a recent review found that "significant" cash deposits at a wholly owned subsidiary are of a nature deemed as short-term investments.
These investments relate to structured deposits placed by its unit Shanghai Darco Engineering with a financial institution in China, Darco said in a regulatory filing.
Following the discovery, Darco will reclassify $3.55 million from its cash pile into available-for-sale short-term investments for FY2013.
...
http://www.theedgemarkets.com/sg/article...ing-review
(not vested, and never study this stock before)
Darco Water to reclassify cash position following review
SINGAPORE (Nov 28): Darco Water Technologies ( Financial Dashboard) says it has to reclassify its cash position after a recent review found that "significant" cash deposits at a wholly owned subsidiary are of a nature deemed as short-term investments.
These investments relate to structured deposits placed by its unit Shanghai Darco Engineering with a financial institution in China, Darco said in a regulatory filing.
Following the discovery, Darco will reclassify $3.55 million from its cash pile into available-for-sale short-term investments for FY2013.
...
http://www.theedgemarkets.com/sg/article...ing-review
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