Brief: Singamas Container Sees FY Consol Net Loss Of Not Less Than $105 MLN

Singamas Container Holdings

23/03/2020 02:25

March 23 (Reuters) - Singamas Container Holdings Ltd
 0716.HK :
    * AT DATE OF THIS ANNOUNCEMENT, GROUP IS IN DISCUSSION WITH
PIL
GROUP IN RELATION TO A PROPOSED REPAYMENT AGREEMENT
    * GROUP IS CURRENTLY EXPECTED TO REPORT A CONSOLIDATED NET
LOSS OF
NOT LESS THAN US$105 MILLION FOR YEAR
    * EXPECTED RESULT DUE TO ADDITIONAL PROVISION OF EXPECTED
CREDIT
LOSS TO BE INCURRED BY GROUP FOR YEAR ENDED 31 DECEMBER 2019

Source text for Eikon:  ID:nHKS15KQxm 
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 ((Reuters.Briefs@thomsonreuters.com;))