The Place Holdings Responds to SGX Queries on Financials

MT Newswires

Sep 02, 2024

The Place Holdings (SGX:E27) has addressed the Singapore Exchange's queries on its unaudited interim financial statements for the six months ended June 30, according to a Friday filing on the Singapore Exchange.

The company corrected an earlier misstatement regarding a decrease in administrative expenses, attributing it to a property tax payment for the fiscal year ending June 30, 2023.

No revenue was recorded for the period due to the end of a key management services agreement. The company is investing in MCC Land and expects to recognize profits in 2024.

It is also exploring new business ventures, including a proposed Sky Screen project.

The company confirmed that receivables from Beijing Aozhong Xingye Real Estate Development are recoverable, with no provision made for trade and other receivables.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2464073155"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2464073155\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2464073155?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-02 11:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2464073155","market":"sg","top_or_hot":-1,"title":"The Place Holdings Responds to SGX Queries on Financials","media":"MT Newswires","content":"<html><body><p> The Place Holdings (SGX:E27) has addressed the Singapore Exchange's queries on its unaudited interim financial statements for the six months ended June 30, according to a Friday filing on the Singapore Exchange.</p><p>The company corrected an earlier misstatement regarding a decrease in administrative expenses, attributing it to a property tax payment for the fiscal year ending June 30, 2023.</p><p>No revenue was recorded for the period due to the end of a key management services agreement. The company is investing in MCC Land and expects to recognize profits in 2024.</p><p>It is also exploring new business ventures, including a proposed Sky Screen project.</p><p>The company confirmed that receivables from Beijing Aozhong Xingye Real Estate Development are recoverable, with no provision made for trade and other receivables.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Place Holdings Responds to SGX Queries on Financials</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Place Holdings Responds to SGX Queries on Financials\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2024-09-02 11:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> The Place Holdings (SGX:E27) has addressed the Singapore Exchange's queries on its unaudited interim financial statements for the six months ended June 30, according to a Friday filing on the Singapore Exchange.</p><p>The company corrected an earlier misstatement regarding a decrease in administrative expenses, attributing it to a property tax payment for the fiscal year ending June 30, 2023.</p><p>No revenue was recorded for the period due to the end of a key management services agreement. The company is investing in MCC Land and expects to recognize profits in 2024.</p><p>It is also exploring new business ventures, including a proposed Sky Screen project.</p><p>The company confirmed that receivables from Beijing Aozhong Xingye Real Estate Development are recoverable, with no provision made for trade and other receivables.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"E27.SI","symbol_name":"天阶控股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2464073155","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464073155","pubTimestamp":1725246593,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"The Place Holdings  has addressed the Singapore Exchange's queries on its unaudited interim financial statements for the six months ended June 30, according to a Friday filing on the Singapore Exchange.The company corrected an earlier misstatement regarding a decrease in administrative expenses, attributing it to a property tax payment for the fiscal year ending June 30, 2023.No revenue was recorded for the period due to the end of a key management services agreement. The company is investing in MCC Land and expects to recognize profits in 2024.It is also exploring new business ventures, including a proposed Sky Screen project.The company confirmed that receivables from Beijing Aozhong Xingye Real Estate Development are recoverable, with no provision made for trade and other receivables.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"E27.SI":"天阶控股","BK6002":"广告","BK6505":"周期性消费品与消费者服务"},"translate_title":"The Place Holdings回应新交所有关财务状况的询问","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"E27.SI":0.9},"content_text":"The Place Holdings (SGX:E27) has addressed the Singapore Exchange's queries on its unaudited interim financial statements for the six months ended June 30, according to a Friday filing on the Singapore Exchange.The company corrected an earlier misstatement regarding a decrease in administrative expenses, attributing it to a property tax payment for the fiscal year ending June 30, 2023.No revenue was recorded for the period due to the end of a key management services agreement. The company is investing in MCC Land and expects to recognize profits in 2024.It is also exploring new business ventures, including a proposed Sky Screen project.The company confirmed that receivables from Beijing Aozhong Xingye Real Estate Development are recoverable, with no provision made for trade and other receivables.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}