United Hampshire Responds to SGX Query About Cash Balance

News about United Hampshire US REIT

United Hampshire US REIT has responded to an SGX query about its bank balance in its latest H1 results:

Given the Group’s significant liabilities of $309.2 million and cash and bank balance of only $12.6 million, please disclose the Board’s assessment

(i) whether the Group's current assets are adequate to meet the Group's short term liabilities of $103.3 million, including its bases of assessment; and

(ii) how the Group intends to fulfil its significant payment obligations in the next 12 months.

United Hampshire US REIT
Price0.565 USD
NAV0.730 USD
Yield (4 quarters)10.55%
Gearing38.0%