Sing Holdings

[ngcheeki]

(So kancheong......anyway the company stands to collect another $300m from The Laurels($663m-$180m-$180m) which is more than the current liabilities of $195m. (Bear in mind that company owned only 70% stake in The Laurels). )

When will the $300m under the development properties be reflected as cash in the current assets? After obtaining TOP for The laurels?

Also stated in the forward statement:
1. "98% of the units in The Laurels project have been sold" => No sale for The Laurels in July 2013.

2. The Group expects a lower profit for the next quarter, as 96% of the Laurels has already by recognized.

3. Construction work for the Pungol EC and Robin road properties have already been commenced in 2Q 2013. Since construction work has already been started for Robin project, will the group be able to take advantage if there is a revision of plot ratio?