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Chew's Group swings into 1H losses after disposal of subsidiaries

Michelle Zhu
Michelle Zhu • 2 min read
Chew's Group swings into 1H losses after disposal of subsidiaries
SINGAPORE (May 7): Chew’s Group reversed into losses of $0.1 million for 1H18 comapred with earnings of $1.7 million in 1H17.
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SINGAPORE (May 7): Chew’s Group reversed into losses of $0.1 million for 1H18 comapred with earnings of $1.7 million in 1H17.

This follows the completion of the disposal of its four subsidiaries: Chew’s Agriculture, Chew’s Engineering Services, Chew’s Group Investment and Chew’s Group Marketing.

In March, Chew's signed an agreement to sell them to Malaysia's Huat Lai Resources for $11 million in cash.

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