CONSUMER electronics retailer Challenger Technologies posted shrinking fourth-quarter earnings on Thursday, with the bottom line challenged by how changes in inventories of finished goods swung into negative territory from the year before.

CHALLENGER Technologies on Monday posted a 5 per cent drop in its third-quarter net profit to S$4.3 million, on the back of flat revenue of S$83.3 million, which rose just 1 per cent from a year ago.

SINGAPORE (Aug 5): Challenger Technologies posts a 4% increase in earnings to $4.2 million for the 2Q19 ended June, from $4.0 million a year ago. Earnings per share (EPS) climbed to 1.21 cents in 2Q19, compared to 1.16 cents in 2Q18. 2Q19 revenue rose 8% to $82.4 million, from $76.2 million a year ...

SINGAPORE (July 15): Two weeks ago, minority shareholders of Challenger Technologies and Indofood Agri Resources (IndoAgri) rebuffed low-ball offers from the controlling shareholders of those companies. Now, the regulation arm of the Singapore Exchange has introduced long-awaited changes to rules r...

SINGAPORE (June 28): M-Universe Investments' cash offer to privatise Memtech International has been extended by some two weeks to July 12. The offeror, a bid vehicle for a consortium led by Memtech’s executive chairman Chuang Wen Fu and his family, says it has no intention to revise the offer pri...

Submitted By:  Arianna Danganan Case Study:  No It will remain listed on the SGX-ST after 11.36% of shareholders voted against its delisting. The delisting of infor...

THE voluntary delisting of consumer electronics retailer, Challenger Technologies, failed to go through on Thursday, as some 11.36 per cent of shareholders present at the extraordinary general meeting (EGM) voted against the resolution.

SINGAPORE (June 27): Loo Leong Thye, the founder, executive director and chief executive officer of Challenger Technologies, has failed in his bid to voluntarily delist the consumer electronics retailer. At an extraordinary general meeting (EGM) on Thursday, some 11.36% of shareholders voted agains...

FOLLOWING a second trade halt on Thursday, Challenger Technologies has issued a regulatory update notifying shareholders of an error made in a previous announcement which said the resolution for the company’s voluntary delisting had “duly passed” when it did not.

CHALLENGER Technologies has called for a trading halt pending an announcement just over an hour after it resumed trade on Thursday. Prior to the halt, the consumer electronics retailer shares were trading flat at S$0.545 as at 3.13pm.