I'd say the debtors and creditors figures in their balance sheet were fake news. I would second guess that they are inter related companies owned by phua and the bigger numbers make the balance sheet footings bigger. As did the $21m they showed as a current asset that turned out to be soar labs. Current asset ha, ha, ha.
Everything to do with this company is fake news
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- Ann: Update on Soar Labs Pte Ltd settlement
Ann: Update on Soar Labs Pte Ltd settlement, page-8
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