2 stories mentioning SGX:I11Updated 34m ago
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Renaissance United (SGX:I11) expects to report a net loss for the fiscal year ended April 30, according to a Friday filing with the Singapore Exchange.The company attributed the loss to reduced installation sales to new customers and a slowdown of new residential projects.The multi-disciplinary company will release its financial results on or before June 29.
Renaissance United's (SGX:I11) natural gas distribution subsidiary, Hubei Zonglianhuan Energy Investment, is expecting to spend up to 2.93 million yuan in flood repair costs across three of its four assets in Hubei, China, following heavy rain and flash flooding, according to a Sunday filing with the Singapore Exchange.The gas utility unit has completed damage assessments across its sites in Anlu, Dawu, Guangshui, and Xiaochang.While gas services have been mostly restored, the company has flagged a prolonged recovery by industrial users that could impact Hubei Zonglianhuan's financial results.The company holds a 65% stake in Hubei Zonglianhuan via its direct subsidiary, Excellent Empire.
