Brief: Intraco Says One Of Customers Placed Under Judicial Management For Provisions Of Insolvency

Intraco

22/08/2023 16:22

Aug 22 (Reuters) - Intraco  ITRS.SI :
    * ONE OF CUSTOMERS RECENTLY BEEN PLACED UNDER JUDICIAL
MANAGEMENT
FOR PROVISIONS OF INSOLVENCY, RESTRUCTURING AND DISSOLUTION ACT
2018
    * PROVISION IS LIKELY TO HAVE A SIGNIFICANT IMPACT ON
GROUP'S
FINANCIAL PERFORMANCE FOR FY ENDING 31 DEC 2023
    * FULL PROVISION OF S$438,000 MADE IN UNIT'S BOOKS FOR
ENTIRE
RECEIVABLES AND CONTRACT ASSETS

Source text for Eikon:  ID:nSN147Nz7 
Further company coverage:  ITRS.SI 

 ((Reuters.Briefs@thomsonreuters.com;))