Trek 2000 International (Trek 2000)

Intraco, Jadason Enterprises etc to be placed on SGX’s watch-list after losses in the last three financial years - THE EDGE SINGAPORE

Company in the news

Intraco, Jadason Enterprises etc to be placed on SGX’s watch-list after losses in the last three financial years

The companies say it will be business as usual for the company and that trading in their shares will also continue as per usual.

Global Economy

Briefs: Lawrence Wong signals rich have to pay more taxes; Singapore's NODX up by 7% y-o-y in July

News this week includes Trek 2000's founder pleading guilty to cheating, and more.
Trek 2000 founder pleads guilty to cheating, falsifying company financial statements - THE EDGE SINGAPORE

Company in the news

Trek 2000 founder pleads guilty to cheating, falsifying company financial statements

Tan, who is also the inventor of the thumb drive, will be sentenced on Sept 22.

Deals, joint ventures & alliances

Trek 2000 furthers partnership with Terrenus Energy with $10 mil integrated solutions agreement

The latest partnership will allow both parties to “further hasten” the transition towards renewable energy in Singapore.

Contracts

Trek 2000 wins US$10 mil contract to supply IoT-enabled digital storage solutions to Starsway

Trek 2000 will supply Starsway with a full suite of IoT-enabled digital storage solutions for one year.

Wilmar chairman Kuok buys shares ahead of China unit's IPO

Insider moves for Issue 953 (week of Oct 5): Wilmar International and Trek 2000 International

Results

Trek 2000 posts 80% fall in 1Q earnings with CAD probe ongoing

SINGAPORE (May 8): Trek 2000 International, which is being investigated by the authorities for alleged fraudulent transactions and listing breaches, reported 1Q earnings fell 79.7% to US$112,000 ($153,000) from a year ago.
Trek 2000 International (Trek 2000)

Trek 2000 clarifies concerns about new deputy CEO

SINGAPORE (June 8): Trek 2000 International, which is assisting the Commercial Affairs Department’s (CAD) investigation of a possible criminal offence, has clarified concerns about the hiring of a senior manager from a rival information technology firm.
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