PROPERTY developer Capital World said "acute oversupply conditions in the property market in Malaysia", together with the Covid-19 pandemic, pushed its decision to propose a restructuring and suspend the trading of its shares in February 2020.

PROPERTY developer Capital World said "acute oversupply conditions in the property market in Malaysia", together with the Covid-19 pandemic, pushed its decision to propose a restructuring and suspend the trading of its shares in February 2020.

HAVING assessed its ability to continue as a going concern, Capital World will be applying to the Singapore High Court to propose a scheme of arrangement to restructure its debt.

SINGAPORE (Feb 13): Capital World, which is trying to develop a mixed development in Johor Bahru, has suspended the trading of its shares, as it attempts to restructure its debt load via a scheme of arrangement. The company said that because of an oversupply in the Malaysian property market, it was...

THE chief financial officer (CFO) of Capital World has resigned to pursue other career opportunities, the Catalist-listed integrated property developer said on Thursday.

CATALIST-LISTED property developer Capital World, which recently had its ability to continue as a going concern flagged by its auditor, saw a subsidiary scrap its plans to buy a Malaysian company that held joint development rights for some land in Johor.

THE auditors of both Capital World and Pacific Star Development have flagged uncertainties in their ability to continue as going concerns in relation to their financial statements for the year ended June 30, 2019.

SINGAPORE (Oct 14): Capital World, the property developer formerly known as Terratech Group, says it believes it is able to continue as a going concern, despite a disclaimer opinion by the company’s independent auditors Messrs Ernst & Young LLP in the group’s FY19 financial statements. Goin...

THE auditors of both Capital World and Pacific Star Development have flagged uncertainties in their ability to continue as going concerns in relation to their financial statements for the year ended June 30, 2019.

CATALIST-LISTED Capital World's board has said it can continue as a going concern despite its auditor's and the Singapore Exchange's (SGX) concerns over its loans.