Advance SCT

M&A

Advance SCT to buy 40% stake in M&E firm for $3.5 mil in pursuit of smart city ambitions

SINGAPORE (Jan 29): Advance SCT has entered into a conditional sale and purchase agreement to acquire 40% stake in N&T Engineering Enterprises for up to $3.5 million.

Smart cities

Advance SCT eyes diversification into M&E engineering for smart cities

SINGAPORE (Nov 7): Advance SCT is jumping on the smart-city bandwagon in Singapore and Southeast Asia and eyeing a change of name to Citicode Ltd to reflect the new business direction.

Results

Advance SCT back in the black in FY17 with $1.5 mil earnings

SINGAPORE (Feb 27): Advance SCT, the supplier of copper-related products and recycled copper, reported full-year earnings of $1.5 million for FY17 from a loss of $8.2 million in FY16.

Results

Advance SCT swings back to profitability in 3Q on higher revenue

SINGAPORE (Oct 19): Advance SCT posted earnings of $158,000 for the 3Q17 ended September, reversing out of a net loss of $340,000 in 3Q16 a year ago.

Advance SCT signs debt agreements with two creditors

SINGAPORE (July 9): Advance SCT, the supplier of copper-based products, has entered into agreements with two major creditors to resolve its outstanding debt issues.

Stocks To Watch

Yeo Hiap Seng, Hong Leong Finance, Duty Free International, Advance SCT, Rowsley

SINGAPORE (April 27): Here are some stocks to watch this Thursday morning:

Credit: Recycling Today

Results

Advance SCT swings back to profitability in 1Q

SINGPAPORE (April 26): Advance SCT has posted earnings of $125,000 for the first quarter ended March 2017, reversing out of a net loss of $1.3 million a year ago.

Results

Advance SCT’s FY16 losses narrow to $8.3 mil on restructuring efforts

SINGAPORE (March 1): Advance SCT, the metal trader and recycling & waste management company, saw FY16 losses narrow by a third to $8.3 million from $12.3 million a year ago.

Advance SCT collaborates with consulting firm to turn company around

SINGAPORE (June 27): Advance SCT on Monday entered into a binding heads of agreement with BT Consulting & Management to study the various options to resolve its outstanding debt issues and unde

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