News

Commercial Property Stocks

Staff Reporter

, Singapore

Published:

3 years ago

/Unsplash

Aspen explains expense increase queries from SGX

It stemmed from the healthcare segment’s impairment loss on machines.

Investment firm, Aspen Group Holdings, explained to the bourse that it had to adjust operating expenses due to impairment loss on machinery by the healthcare segment.

The Singapore Exchange asked the listed firm regarding its increase of administrative and other operating expenses in the past 18 months that ended 30 June 2022 by $32.650m and $28.558m respectively since 30 June 2021.

Lendlease explains SGX query on $259,000 interest income

The firm explained that the impairment loss was valued at RM31.8m due to significant scale down of operation and loss on disposal of associates worth RM16.9m.

The bourse also asked about Aspen’s trade and other receivables which went up by $24.227m even though revenue declined by $26m for the 18 months ended 30 June 2022.

To which, Aspen said the receivables is on the back of an increase in trade receivables from the property development segment due to the release of the stakeholder sum.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

AI keeps Singapore factories firing

Electronics climbed 35.8% as chemicals, biomedical, and transport engineering weakened.

1 day ago

JustCo brings ‘the boring office’ to CBD after SGX listing

The space is designed for start-ups, entrepreneurs, and SMEs.

Commercial Property

1 day ago

Airwallex raises $320m in Series H funding round

Airwallex plans to expand into new markets and scale its AI teams.

1 day ago

MAS launches new institute for AI and tokenisation adoption

The Future of Finance Institute will update toolkits.

1 day ago

Exclusives

Monday.com picks Singapore for Southeast Asia expansion

Its in-house designers created Singapore-inspired artwork in the company's colors.

1 day ago

Tsuklio targets dual-income families in Singapore expansion

The Japanese meal subscription platform logged 3,000 pre-registrations before launch.

Food & Beverage

3 days ago

Firms cut senior hiring costs with fractional executives

$Firms cut senior hiring costs with fractional executives$

Firms cut senior hiring costs with fractional executives

Companies report 50% to 70% lower costs than full-time senior hires.

HR & Education

3 days ago

Choosier Asia buyers steer auctions toward rare art

Collectors are bidding harder for works with clear ownership histories.

4 days ago

Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.