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The latest announcement is out from AsiaPhos Limited ( (SG:5WV) ).
AsiaPhos Limited announced that its subsidiary, Norwest Global Trading Pte Ltd, has entered into a repayment agreement with a debtor to restructure a trade debt of S$0.16 million. The agreement includes a repayment plan over 18 months with a personal guarantor backing the debtor’s obligations. This restructuring will allow AsiaPhos to progressively write back the impairment provision for the doubtful receivables, although it is not expected to significantly impact the company’s earnings per share or net tangible assets for the current financial year.
More about AsiaPhos Limited
AsiaPhos Limited operates in the chemical industry, focusing on the production and trading of phosphate-based products. The company is involved in various aspects of the phosphate value chain, including mining, manufacturing, and trading, with a market focus on Asia.
Average Trading Volume: 19,540,750
Technical Sentiment Signal: Sell
Current Market Cap: S$17.76M
For detailed information about 5WV stock, go to TipRanks’ Stock Analysis page.