Sincap Group Ltd. (SG:5UN) has released an update.
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Sincap Group Limited has disclosed its financial position as of June 2024, revealing a net liability of RMB 11,273,000 due to significant liabilities, including loans from a director and other borrowings that surpass its cash and equivalents. The company also reported a minor decrease in cash reserves from RMB 289,000 to RMB 288,000 over the month, attributed mainly to non-cash adjustments such as unrealised foreign exchange movements.
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