Fu Yu has an ongoing probe into this unit, where, among others, there were reportedly payments made for services "which did not appear to have been rendered."
Fu Yu Corporation warns that it will report a loss for FY2024 ended Dec 31 2024 due to impairments totalling $3.8 million.
The company says it is making a one-off non-cash impairment of the remaining goodwill of S$3.3 million from its investment in subsidiary Fu Yu Supply Chain Solutions, which has stopped operating since the last quarter of FY2024.
