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Darco Water
28-11-2014, 10:02 AM.
Post: #1
Darco Water
I guess Darco isn't a S-chips, by "industrial" definition. If the company is a S-chip, the shareholders will dump its share and shout for "fraud, fraud " by now, and demand a "SGX regulation"...Big Grin

(not vested, and never study this stock before)

Darco Water to reclassify cash position following review

SINGAPORE (Nov 28): Darco Water Technologies ( Financial Dashboard) says it has to reclassify its cash position after a recent review found that "significant" cash deposits at a wholly owned subsidiary are of a nature deemed as short-term investments.

These investments relate to structured deposits placed by its unit Shanghai Darco Engineering with a financial institution in China, Darco said in a regulatory filing.

Following the discovery, Darco will reclassify $3.55 million from its cash pile into available-for-sale short-term investments for FY2013.
...
http://www.theedgemarkets.com/sg/article...ing-review
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28-11-2014, 10:48 AM.
Post: #2
RE: Darco Water
It's not a material change lah... wrong example IMHO Smile
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28-11-2014, 11:08 AM.
Post: #3
RE: Darco Water
(28-11-2014, 10:48 AM)specuvestor Wrote: It's not a material change lah... wrong example IMHO Smile

I agree nothing changes, but a reclassification. I am doing a wild guess, what will be the market response, if the same happen on S-Chips ...Tongue
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“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡

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20-12-2019, 11:44 AM.
Post: #4
RE: Darco Water
i always appreciate such summaries. wish more co did things like these. like MM AGM minutes, megachem and their Q&As. thats why a part of me is happy when co im interested in get queried, as theyre forced to ans qns or elaborate on their biz.

SUMMARY OF SHAREHOLDERS’ FORUM
https://links.sgx.com/FileOpen/DWT-Ann-S...eID=590843

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