Oceanus Group will change its presentation currency from Chinese renminbi (RMB) to Singapore dollars (SGD) moving forward.

As such, the company’s statements for the year ended Dec 31, 2020, will reflect this change.

Oceanus will also be no longer required to announce its financial statements on a quarterly basis, under the amendments made by SGX on Feb 7, 2020.

The company will next announce its financial statements for the half-year ending June 30.

Shares in Oceanus closed 0.1 cent higher or 2.9% up at 3.6 cents on Jan 14.