Abterra Ltd, which was owned by Hong Kong’s parent company, General Nice Resources (HK) Ltd had posted losses for the last 3 financial years. The Company was involved with trading of coking coal, coke and iron ore in Australia, Indonesia, India and China.

Straits Journal understood that it is a requirement to divulge information to public if a listed company had 3 consecutive of financial year losses and that if the daily average market capitalisation fell below SGD40 Million, however the daily average market cap for Abterra was still in the range of SGD100 Million and above and the Company was confident and that they had the financial backing of the parent Company which had strong presence in China.

EditorIndustrial Goods & SvcsMetals & Miningsabterra,financial,losses,SingaporeAbterra Ltd, which was owned by Hong Kong's parent company, General Nice Resources (HK) Ltd had posted losses for the last 3 financial years. The Company was involved with trading of coking coal, coke and iron ore in Australia, Indonesia, India and China. Straits Journal understood that it is a...