adventus holdings ltd (ADVT) Snapshot

Adventus Holdings Limited announced the appointment of Kum Ping Wei as Executive Director on May 30, 2013. Kum Ping Wei is responsible for the business, management and operation of the company and its subsidiaries. Kum Ping Wei was worked as Vice President of Cove Capital Pte Ltd. from Sept. 2010 – 5 April 2013.

Adventus Holdings Limited, Annual General Meeting, Apr 30, 2013., at 10:00 Singapore Standard Time. Location: Raffles Town Club. Agenda: To adopt the audited accounts for the financial year ended December 31, 2012 and the reports of the directors and auditors thereon; to re-elect director; to approve directors' fees of SGD 175,000 for the year ended December 31, 2012; to re-appoint Messrs Deloitte & Touche LLP as auditors of the company and to authorize the directors to fix their remuneration; to transact any other ordinary business which may properly be transacted at an Annual General Meeting; to consider authority to allot and issue shares up to 100% of issued shares; and to consider authority to offer and grant options and to issue shares pursuant to the Adventus Employee Share Option Scheme.

Adventus Holdings Limited reported unaudited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenue of SGD 3,920,479 compared to SGD 3,214,401 a year ago. Loss before tax from continuing operations was SGD 5,141,943 compared to SGD 1,569,735 a year ago. Loss from continuing operations, net of tax was SGD 5,052,544 compared to SGD 1,573,481 a year ago. Loss for the year was SGD 5,052,544 compared to SGD 2,577,220 a year ago. Net cash used in operating activities was SGD 1,570,572 compared to net cash from operating activities of SGD 2,074,315 a year ago. Acquisition of plant and equipment was SGD 244,165 compared to SGD 88,062 a year ago. Loss per share was 0.62 cent compared to 0.53 cent a year ago.