2 stories mentioning SGX:RDRUpdated 35d ago
Every FINWIRES story that references SGX:RDR, newest first.
Incredible Holdings (SGX:RDR) has decided to cancel a SG$500,000 loan deal with third-party lender, Chu Boon Tiong, after the lender became entirely unreachable and failed to disburse the loan amount, according to a Thursday filing with the Singapore Exchange.The two parties entered into a loan agreement back in August 2025 to help the management services provider with its working capital needs.
The Singapore Exchange Securities Trading deemed Incredible Holdings (SGX:RDR) as a cash company, effective May 28, with trading suspended until it acquires a new business in line with the SGX-ST's requirements, according to a Friday bourse filing.Under the rules, 90% of the company's cash and short date securities will be opened with and operated by an escrow agent, pending the satisfaction of regulatory requirements.Meanwhile, the company, which is not generating revenue at the moment, has been instructed to provide a monthly valuation of its assets and financial dealings.
