25 Nov '11, 4pm

Transcu hopes to resolve cash flow problems through restructuring

SINGAPORE : Life sciences firm Transcu Group is hoping to resolve its cash flow problems through a restructure. It is tying up with technology company Forest Pine Holdings to inject capital and explore other ways of making money, and - hopefully - have its trading suspension lifted. The past three years have been turbulent for Transcu Group. After posting several quarters of losses and cash flow deficits, and having its shares suspended in June, It is hoping to change its fate. Jenaline Low, chief operating officer at Transcu Group, said: "We are right now basically strictly looking at how to help the company to get to a better cash flow position and to lift the suspension of trading for the company." Transcu's main businesses are in pharmaceutical, cosmetics and green technology - the development of which have eaten up its cash reserves. It has offices in Japan, Singapore...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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