Episode Details

United Food Holdings Limited released condensed interim financial statements detailing a period of significant corporate upheaval and financial strain. The company is navigating a mandatory delisting notice from the SGX-ST and is currently arranging to finalize a fair and reasonable exit offer for shareholders. Amid accumulating losses, the Group has also classified major operations—including its additive related and animal feed/traditional medicine segments—as discontinued, pending potential disposal. Furthermore, the figures have not been audited or reviewed, raising concerns about internal controls and liquidity.

• Explore the fate of the company following a notice of delisting from the Official List of the Singapore Exchange Securities Limited

• Uncover the management’s decision to classify several key business interests as discontinued operations ahead of a planned disposal

• Investigate the controversy surrounding the results, including director concerns over unresolved audit issues, a lack of professional guidance, and internal control weaknesses