DARCO Water Technologies is preparing to write off S$2.46 million worth of debts it has deemed to be of "low recoverability" after they have been due for some three years.

DARCO Water Technologies is preparing to write off S$2.46 million in debts which it has deemed to be of “low recoverability”. They have been due for some three years.

DARCO Water Technologies on Tuesday flagged that its revenue for the current financial year ending Dec 31, 2020 will be significantly impacted by the Covid-19 outbreak, due to control measures in Wuhan preventing operations from resuming at its subsidiary there.

DARCO Water Technologies' board has rebutted a minority shareholder's allegations relating to a proposed share placement. It insisted that the fund raising exercise is justified and will proceed with it.

A MINORITY shareholder of Darco Water Technologies has questioned the mainboard-listed company's rationale behind a recently proposed "highly" dilutive private share placement and will be challenging the capital raising exercise.

DARCO Water Technologies has proposed to issue S$6.5 million worth of new shares to three private investors at S$0.35 apiece, the mainboard-listed firm said in a bourse filing on Monday.

DARCO Water Technologies, which relaunched itself some two years ago following an embezzlement debacle at one of its subsidiaries, on Tuesday updated shareholders on its strategy and future plans - saying it intends to focus on its core businesses in its traditional areas of environmental sy...

DARCO Water Technologies, which relaunched itself some two years ago following a setback, on Tuesday updated shareholders, saying it intends to focus on its traditional core businesses in the areas of environmental systems and water management services, instead of its recent foray into sola...

SINGAPORE (June 24): Darco Water Technologies has entered into a memorandum of understanding (MOU) with CPG Vietnam to expand business opportunities by participating in tenders and cooperating with each other in their respective specialised fields. CPG Vietnam is a consulting and management service...

THE Securities Investors Association (Singapore) or Sias has asked to meet with the board of Darco Water Technologies to relay concerns expressed by shareholders about the company's direction and recent management changes, The Business Times (BT) has learnt.