Back 14 Apr 2025

Sincap Group Reports FY2024 Net Loss Amid Ongoing Restructuring Efforts​

Link: https://links.sgx.com/1.0.0/corporate-announcements/87369WGHBELINB7V/c624ad1373fcf83ce65fe15a2772dd3f9f0a2ea4d5dec75dcf77d42c3ca590ee

Summary: Sincap Group Limited reported a net loss of RMB 2.2 million for FY2024, with no revenue-generating activities during the year. The company's financial challenges stem from discontinued coal trading operations and ongoing restructuring efforts, including a proposed reverse takeover to revitalize its business.