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V2Y Corporation Ltd.
(SGX:V2Y)
V2Y Corporation Ltd. (V2Y) vs. iShares MSCI Singapore ETF (EWS)
V2Y Corporation Ltd. Business Overview & Revenue Model
V2Y Corporation Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.38M | 911.00K | 215.00K | 304.00K | 1.09M | 1.77M |
| Gross Profit | 81.00K | 99.00K | 95.00K | 109.00K | 404.00K | 454.00K |
| EBITDA | -1.01M | -1.37M | -909.00K | -2.00M | -1.41M | -4.70M |
| Net Income | -1.64M | -1.63M | -921.00K | -2.19M | -1.79M | -5.10M |
Balance Sheet | ||||||
| Total Assets | 2.37M | 2.89M | 923.00K | 1.90M | 2.95M | 4.61M |
| Cash, Cash Equivalents and Short-Term Investments | 1.06M | 134.00K | 664.00K | 1.62M | 1.62M | 1.98M |
| Total Debt | 439.00K | 1.83M | 263.00K | 431.00K | 483.00K | 78.00K |
| Total Liabilities | 2.74M | 3.30M | 1.06M | 1.12M | 1.89M | 1.75M |
| Stockholders Equity | -364.00K | -446.00K | -137.00K | 784.00K | 1.06M | 2.85M |
Cash Flow | ||||||
| Free Cash Flow | -1.69M | -1.89M | -825.00K | -1.77M | -769.00K | -844.00K |
| Operating Cash Flow | -989.00K | -1.19M | -825.00K | -1.77M | -765.00K | -222.00K |
| Investing Cash Flow | -951.00K | -705.00K | 4.00K | 0.00 | -4.00K | 49.98M |
| Financing Cash Flow | 2.75M | 1.36M | -138.00K | 1.76M | 395.00K | -49.23M |
V2Y Corporation Ltd. Peers Comparison
V2Y Corporation Ltd. Corporate Events
OceanScape International Limited has announced its first major transaction in its new Commodities Trading Business, with its subsidiary OceanScape Trading Pte. Ltd. entering into an agreement to supply up to 1,200,000 metric tons of iron ore fines to Eldon Development Ltd, a subsidiary of Shandong Steel International Trading Ltd. This move marks OceanScape’s strategic entry into the commodities trading market, acting as a middleman for the supply of iron ore, contingent upon shareholder approval by January 31, 2026.
OceanScape International Limited has announced its first major transaction in its new renewable energy business by entering into a sale and purchase agreement with Changshu Canadian Solar Power Technology Co., Ltd. for the acquisition of solar panels worth approximately US$3,184,000. This purchase is a strategic move to support the company’s nascent renewable energy projects, as it seeks to build inventory and expertise for future growth in the sector.
OceanScape International Limited has received a letter of demand from the lawyers of its former Non-Executive and Independent Chairman, Mr. Yip Mun Foong, James, for the payment of outstanding director’s fees amounting to S$41,555.56. The company is currently seeking legal advice regarding this demand and plans to update its shareholders accordingly.
V2Y Corporation Ltd has announced a reconstitution of its Board of Directors, effective November 25, 2025. Mr. Lang Jinjun will be re-designated as Executive Chairman, while Mr. James Kho Chung Wah will take on the role of Lead Independent Director and Chairman of the Audit Committee. These changes are part of the company’s strategic move following the approval of a proposed diversification. The reconstitution aims to strengthen the company’s leadership structure, potentially impacting its operational efficiency and stakeholder confidence.
V2Y Corporation Ltd has announced the incorporation of two wholly-owned subsidiaries, OceanScape Trading Pte. Ltd. and Seascape Energy Pte. Ltd., as part of its strategic move to diversify into renewable energy and commodity trading. This initiative, pending shareholder approval, is funded through internal resources and is not expected to impact the company’s financials significantly for the current year.
V2Y Corporation Ltd, a company incorporated in Singapore, has announced a reconstitution of its board committees following recent changes in its leadership. The reconstitution involves the Audit, Nominating, and Remuneration Committees, with new appointments and roles for its directors. This strategic move is likely aimed at strengthening governance and ensuring effective oversight, which could impact the company’s operational efficiency and stakeholder confidence.
V2Y Corporation Ltd has entered into a facility agreement with Mr. Lang Jinjun, securing an interest-free loan facility of up to S$20,000,000. This agreement includes two separate lines of credit: a S$15,000,000 loan for business development and working capital, and a S$5,000,000 convertible loan that can be converted into shares at the lender’s discretion. The loans are unsecured and rank equally with other unsecured debts, potentially enhancing the company’s financial flexibility and operational capacity.
V2Y Corporation Ltd has announced the conversion of outstanding debts owed to Mr. Ang Wei Yang Felix and Mr. Tang Zhaorui into new ordinary shares of the company. This debt conversion involves the issuance of 103,809,523 shares at a conversion price of S$0.0063 per share, allowing the company to satisfy its debts without cash payment, potentially improving its financial stability and market positioning.
V2Y Corporation Ltd has secured a S$20 million loan facility from its Interim Executive Chairman, Mr. Lang Jinjun, to bolster its working capital and explore new business opportunities. The company plans to diversify its core business and change its corporate name to align with its new strategic direction, while also addressing its outstanding liabilities through debt conversion agreements.
V2Y Corporation Ltd, a company incorporated in Singapore, has announced a change in its company secretary position. Lim Kok Meng will cease to be the Company Secretary, and Mr. Poh Chee Eng will take over the role effective from October 21, 2025. The company expressed gratitude to Mr. Lim Kok Meng for his contributions during his tenure. This change reflects a strategic administrative adjustment within the company, potentially impacting its corporate governance and operational management.
V2Y Corporation Ltd has announced the cessation of Mr. Felix Ang as a non-independent non-executive director, following a whistleblowing complaint. The company is investigating an outstanding sum of S$505,909.51 owed to Mr. Ang, and is seeking legal advice and further documentation related to the complaint. The Audit Committee members who investigated the complaint have resigned, and Mr. Ang has agreed to cooperate with the ongoing investigation. There are no unresolved differences in opinion on material matters between Mr. Ang and the Board.
V2Y Corporation Ltd, a company incorporated in Singapore, announced a corrigendum regarding the appointment of Mr. Lang Jinjun as the Non-Executive and Independent Chairman. The announcement corrects previous omissions about Mr. Lang’s past directorships in several dissolved companies, highlighting the importance of transparency and accuracy in corporate governance.
V2Y Corporation Ltd., a company incorporated in Singapore, has announced a significant reconstitution of its Board of Directors and Board Committees. The changes, effective from October 16, 2025, include the appointments of Mr. Lang Jinjun as Non-Executive and Independent Chairman, and Mr. Jonathan Lee Jiahui and Mr. James Kho Chung Wah as Independent and Non-Executive Directors. These appointments follow the cessation of Mr. Guo Zhipeng, Mr. Yip Mun Foong, and Mr. Geng Guilin from their respective positions. This reconstitution is expected to bring new perspectives and leadership to the company, potentially impacting its strategic direction and governance.
V2Y Corporation Ltd., incorporated in Singapore, has announced the cancellation of its Extraordinary General Meeting (EGM) originally scheduled for October 17, 2025. This decision follows the resignation of three directors and the appointment of two new non-executive and independent directors, which were the primary agenda items for the EGM. The changes in the board composition have been confirmed, rendering the meeting unnecessary.
V2Y Corporation Ltd. has announced a corrigendum regarding the appointment of Mr. James Kho Chung Wah as a Non-Executive and Independent Director. The Board has agreed to the requisitioning parties’ proposal, who hold more than 10% of the company’s paid-up shares, to appoint Mr. Kho effective from 14 October 2025. This decision follows an extraordinary general meeting called by the requisitioning parties, indicating a significant shareholder influence in the company’s governance.
V2Y Corporation Ltd., a company incorporated in Singapore, has received a letter of demand from Mr. Ang Wei Yang Felix, alleging defamatory statements were made against him in recent company announcements. Mr. Ang is seeking damages of S$95,000, a public retraction, and a written apology. The company is currently seeking legal advice and has suspended trading of its securities on the SGX-ST to address the matter. The financial impact of the legal proceedings is currently undetermined, and further updates will be provided to shareholders as necessary.
V2Y Corporation Ltd. has received a whistleblowing complaint against Mr. Ang Wei Yang Felix, a former Non-Executive and Non-Independent Director. The Audit Committee is investigating the serious allegations and has engaged special auditors for assistance. Reports have been filed with relevant authorities, and trading of the company’s securities has been halted, with plans for voluntary suspension to allow time for the investigation.
V2Y Corporation Ltd. has received a requisition letter from shareholders holding over 10% of its shares, demanding the resignation of three directors by 23 September 2025. If the directors do not resign, the requisitioning parties plan to call an extraordinary general meeting to vote on their removal and the appointment of two new directors. This development follows a recent disclaimer of opinion by auditors and the contested resignation of a former executive director, Mr. Felix Ang. The board is currently seeking legal advice and verifying the shareholders’ claims while advising caution to investors.