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SIIC Environment Issues Pro Forma Update and Corrects Currency Errors on Acquisition

Story Highlights
  • SIIC Environment released unaudited pro forma figures showing how its 2025 balance sheet and earnings would look after acquiring 100% of the target companies.
  • The company corrected earlier clerical errors on currency units for net assets, profit, and per-share metrics, restating them properly in RMB in its supplemental announcement.
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SIIC Environment Issues Pro Forma Update and Corrects Currency Errors on Acquisition

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SIIC Environment Holdings ( (SG:BHK) ) has shared an update.

SIIC Environment Holdings has issued a supplemental announcement related to its previously disclosed acquisition of 100% equity interests in certain target companies. The company has prepared unaudited pro forma financial information to illustrate the potential impact of the acquisition on its financial position as at 31 December 2025 and its 2025 statement of comprehensive income, using accounting policies consistent with its latest annual report.

The group also clarified clerical errors in an earlier announcement regarding the presentation currency of net tangible assets, profit attributable to shareholders, net tangible assets per share, and earnings per share. These amounts should have been denominated in RMB instead of RMB’000, and the per-share figures in RMB instead of RMB cents, with the revised pro forma statement detailing adjusted cash, receivables, and concession assets following the acquisition and related consideration.

More about SIIC Environment Holdings

SIIC Environment Holdings Ltd. is a Singapore-incorporated company listed in Hong Kong and Singapore that operates in the environmental services sector. The group focuses on water and wastewater treatment and related infrastructure projects, generating revenue from concession arrangements and associated environmental services in mainland China and the region.

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