WITH S$90.7 million in borrowings due within the next year, Yongnam Holdings has commenced negotiations with a potential financier and a potential investor to keep the company afloat, said its chief executive Seow Soon Yong.

THE following companies saw new developments that may affect trading of their securities on Thursday:

YONGNAM Holdings gave notice of three consecutive years of losses in a regulatory filing on Wednesday, while its independent auditor also noted material uncertainty over the steel fabricator's ability to continue as a going concern.

A vendor can sometimes turn out to be an investment opportunity — even if it is just a minority stake. That has certainly been the case for the Thakral family, which controls Thakral Corp, an investment holding company with properties in Australia, Japan and Singapore, among other interests. On Ma...

Pursuant to the maturity of $12.5 million in existing redeemable convertible bonds on June 4, Yongnam Holdings has announced that it has entered into a facilitation agreement as well as a bond subscription agreement with the existing bondholders. Under the facilitation agreement, Yongnam will repay ...

THE following companies saw new developments that may affect trading of their securities on Wednesday.

Yongnam Holdings is looking to raise $7.94 million through the proposed placement of 104.52 million new ordinary shares in the capital of the company, at an issue price of 7.6 cents per share. The issue price represents a discount of approximately 9.85% to the volume weighted average price (VWAP) fo...

STEEL fabricator Yongnam Holdings has proposed to place up to 104.5 million new shares at an issue price of 7.6 Singapore cents per share to raise up to S$7.9 million, it said on Tuesday in an exchange filing.

THE following companies saw new developments that may affect trading of their securities on Monday:

MAINBOARD-LISTED Yongnam Holdings has bagged five contracts worth S$32.8 million in Singapore and Hong Kong. Four out of five are specialist civil engineering contracts.

In a filing to SGX dated March 5, Yongnam Holdings announced that it has secured contracts totalling $32.8 million comprising four specialist civil engineering contracts and a structural steelwork contract. The steelwork contract will involve the supply, fabrication, and installation of structural s...