BREAKING:

United Food Holdings Limited released condensed interim financial statements detailing a period of significant corporate upheaval and financial strain. The company is navigating a mandatory delisting notice from the SGX-ST and is currently arranging to finalize a fair and reasonable exit offer for shareholders. Amid accumulating losses, the Group has also classified major operations—including its additive related and animal feed/traditional medicine segments—as discontinued, pending potential disposal. Furthermore, the figures have not been audited or reviewed, raising concerns about internal controls and liquidity.

• Explore the fate of the company following a notice of delisting from the Official List of the Singapore Exchange Securities Limited

• Uncover the management’s decision to classify several key business interests as discontinued operations ahead of a planned disposal

• Investigate the controversy surrounding the results, including director concerns over unresolved audit issues, a lack of professional guidance, and internal control weaknesses

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BREAKING:

United Food Holdings Limited has reported significant losses for the period ending 30 June 2025, with a substantial portion attributed to a discontinued operation involving the potential disposal of several companies. The company is also facing a notification of delisting from the Singapore Exchange, leading to the requirement for an exit offer to shareholders. Concerns persist regarding audit issues, internal controls, and the recoverability of key receivables.

• The company is moving forward with the disposal of certain key entities, classifying them as discontinued operations amidst ongoing financial challenges
• Significant questions remain about the company's financial transparency and governance, with outstanding audit issues and a lack of professional oversight being critical concerns
• The company is navigating a mandatory delisting process, which necessitates a fair and reasonable exit offer for its shareholders, though the timeline for this remains uncertain

There will be an AGM on

Event dates:

For more information, click here: UNITED FOOD HOLDINGS LIMITED 2023 AGM