5 stories mentioning SGX:RDRUpdated just now
Every FINWIRES story that references SGX:RDR, newest first.
Incredible Holdings (SGX:RDR) received a notice of termination from its continuing sponsor, Novus Corporate Finance, according to a Tuesday filing with the Singapore Exchange.The luxury goods trading company said the sponsor served a three-month notice for commercial day, with Nov. 30 expected to be the last day of service.The company will now begin sourcing a new sponsor.
Incredible Holdings (SGX:RDR) will delay the release of its financial year 2026 unaudited results, after discovering that interest charges on certain loans were not accurately reflected in previous results announcements.The company said interest on loans taken by its unit Billion Credit Financial had not been suspended as previously reported, and the related interest expense had not been fully recognized since the quarter ended March 2025.The error arose after the loans were mistakenly treated as being subject to an interest-free period due to the absence of staff responsible for monitoring loan terms and communicating with creditors.The company said it will release the results as soon as practicable.
Incredible Holdings (SGX:RDR) said its subsidiary, Billion Credit Financial, has been dissolved after being struck off the local companies register in Hong Kong, according to a Thursday filing with the Singapore Exchange.The investment holding company has been seeking a new business after being classified as a cash company, with Billion Credit having ceased its operations for an extended period of time.The unit's two properties, pledged as collateral for a HK$7.6 million loan tied to its former lending operations, will have their legal title transferred to the lender.
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.
