DLF Holdings sells BMW for S$72,000 to 'enhance cash flows'

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

DLF Holdings sells BMW for S$72,000 to 'enhance cash flows'.

CATALIST-LISTED engineering firm DLF Holdings has sold a BMW 528iA to Abwin , an unrelated third-party buyer, for S$72,000.DLF will book a loss on disposal of S$42,322, but the board considers this to be in the group's interests, it said.

"The disposal allows the group to enhance its cash flows and the group's resources to be deployed for other uses." The BMW 528iA, with vehicle number SKN3333R, has a certificate of entitlement originally registered on Nov 29, 2013 which will expire on Nov 28, 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spurs holding on for dear life after Son's injury: Mourinho
Source: TODAYonline - 🏆 1. / 99 Read more »

Prudential offers S$500 cash to those quarantined, defers SME premiums amid outbreakRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

China mulls cash injections, mergers to bail out airlines: sourcesChina mulls cash injections, mergers to bail out airlines: sources
Source: BusinessTimes - 🏆 15. / 51 Read more »

Coronavirus: 5 people arrested for allegedly cheating customers over face masks sold on CarousellSINGAPORE - The police have arrested four men and one woman, aged 17 to 26, for allegedly cheating customers over face masks sold on online marketplace Carousell amid the coronavirus outbreak here.. Read more at straitstimes.com. BIG W Why are the criminals' names not revealed? The public will be better protected if the identity of those 'cancers' of the society are known.
Source: The Straits Times - 🏆 8. / 63 Read more »

HSBC to cut costs, sell assets as 2019 profit slumps 33%; warns of coronavirus hitHONG KONG (REUTERS) - HSBC Holdings on Tuesday (Feb 18) unveiled plans to cut US$100 billion (SUS$139 billion) in assets, slash its investment bank and restructure in the United States and Europe, as it launched its biggest overhaul in years in a bid to improve returns.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Measures put in place to protect worshippersReligious events and worship can continue despite the coronavirus outbreak, but precautionary measures and enhanced personal hygiene must be observed to reduce risks of transmission.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »