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No Signboard Holdings possibly in breach of listing rules, says SGX RegCo

The Edge Singapore
The Edge Singapore • 3 min read
No Signboard Holdings possibly in breach of listing rules, says SGX RegCo
The company's accounts between 2017 and 2018 were not prepared in accordance with the Financial Reporting Standards, says Nexia
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SINGAPORE (Apr 29): SGX RegCo, citing findings from a review by Nexia TS Public Accounting Corporation on No Signboard Holdings, will be pondering “very carefully” if the company had breached listing rules.

No Signboard’s accounts over nine-month period, Dec 31 2017, March 31 2018, and June 30 2018, were not prepared in accordance with the Financial Reporting Standards, said Nexia in its independent review that was released on April 29.

As a result, the reported statements were not comparable with earlier periods, and there were instances of double-counting, among others.

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