Incredible Holdings Ltd. Releases Monthly Asset Valuation and Cash Utilisation Update for June 2026

Key Highlights

• Incredible Holdings Ltd. is now classified as a cash company under Catalist Rule 1017(1), following the cessation of all revenue-generating business activities as of 28 May 2026.
• The company reported minimal changes in net assets between 31 March 2026 and 30 June 2026.
• Cash and bank equivalents remain at critically low levels, with a closing balance of S\$4,000 as at 30 June 2026.
• Significant net liabilities stand at S\$17.8 million, with total liabilities (trade and other payables plus loans and promissory notes) of S\$19.98 million as at 30 June 2026.
• Potential impact on share value: The company’s substantial liabilities, minimal cash holdings, and absence of operating business are material risks for shareholders and could be price sensitive.

Detailed Financial Position as at 30 June 2026

The company provided a snapshot of its financial position, prepared on a best-efforts basis given quarterly bookkeeping by the outsourced finance and accounting team. These figures are unaudited and may be subject to changes after audit.

Note: The above excludes certain assets: plant and equipment (S\$50,000), investments in associated companies (S\$14.393 million), other investments (S\$3.152 million), and deferred tax assets (S\$38,000). If included, total assets would increase to S\$19.804 million and net liabilities would reduce to S\$175,000.

Cash Utilisation in June 2026

• Opening cash balance (1 June 2026): S\$5,000
• Bank charges: less than S\$1,000
• Closing cash balance (30 June 2026): S\$4,000

What Shareholders Must Know

• Classification as a cash company means Incredible Holdings must demonstrate compliance with Catalist rules, including the requirement to complete a new business acquisition or satisfy other regulatory requirements, or face potential delisting.
• Risk of further adjustments: All reported figures are unaudited and may be subject to material changes after audit.
• Liquidity risk: The company’s extremely low cash position and substantial net liabilities raise significant concerns about its ability to meet obligations and fund future operations.
• Potential share price impact: The absence of a revenue-generating business, high debt exposure, and regulatory compliance risks constitute major uncertainties and may be highly price sensitive.

Additional Notes

• The company’s financial information is reviewed by its sponsor, Novus Corporate Finance Pte. Ltd., but not by the Singapore Exchange, which assumes no responsibility for the announcement’s content.
• Shareholders should monitor ongoing regulatory announcements and be aware of the risk of further changes to asset valuation following audits.

Disclaimer

This article is for information purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The information is based on unaudited management estimates and may be subject to change.

新加坡 Incredible Holdings Ltd. 2026年6月资产估值与现金使用月度报告

主要亮点

• 公司已被归类为“现金公司”，根据Catalist规则1017(1)，自2026年5月28日起不再拥有任何收入业务。
• 净资产变动不大，2026年3月31日至6月30日之间变化极小。
• 现金及银行等价物极低，截至2026年6月30日仅剩S\$4,000。
• 净负债高达S\$1,780.8万，总负债（应付账款及贷款与本票）为S\$1,997.9万。
• 对股价的潜在影响： 巨额负债、极低现金及无运营业务是重大风险，可能对股价产生明显影响。

2026年6月30日财务状况详解

备注：上述数据未包括：机器设备（S\$50,000）、联营公司投资（S\$1,439.3万）、其他投资（S\$315.2万）及递延所得税资产（S\$38,000）。如计入这些资产，总资产约为S\$1,980.4万，净负债约为S\$17.5万。

2026年6月现金使用情况

• 6月1日初始现金余额：S\$5,000
• 银行手续费：少于S\$1,000
• 6月30日结束余额：S\$4,000

股东需知重点

• 被认定为现金公司，须遵守相关规定，若未能在规定期限内收购新业务，可能面临退市风险。
• 数据未经审计，未来经审计后可能发生重大调整。
• 流动性风险极高，现金极少且负债巨大，偿债能力堪忧。
• 对股价影响： 无主营业务、负债高企及合规风险，均属高度不确定性因素，或将对股价产生重大影响。

其他说明

• 公告已由公司保荐人Novus Corporate Finance审核，新加坡交易所未对此内容承担责任。
• 建议股东密切关注后续公告，资产估值可能因审计而调整。

免责声明

本文仅供参考，不构成投资建议。投资者应自行尽职调查，并咨询专业顾问。本信息基于未经审计的管理层估算，可能会发生变化。

View Incredible Historical chart here