SINGAPORE - Higher sales has enabled thumb drive and SD card maker Trek 2000 International to more than double its full-year profit.

OCBC Share Price, Stocks to watch: Trek 2000, Tee International, QT Vascular, SIA. SEEING that the group's financial performance in fiscal year 2015 would be dismal, Trek 2000 International's founder Henn Tan and a few senior officers thought they found a solution - by conspiring to inflate revenue and pre-tax operating profit by about 2 per cent and 406 per cent... Hyflux, Trek 2000 among dozens of listcos ordered to perform quarterly reporting by SGX RegCo. Investigations showed that Tan knew that his son held shares in T-Data, and had in fact arranged for T-Data to be incorporated in 2007 with the wife of co-accused Poo Teng Pin, an executive director of Trek 2000 and the research and development director of the firm and its subsidiaries. It looks like the email address you entered is not valid. The well-known figure in Singapore's tech innovation scene faces several other pending charges, mostly for falsification of accounts relating to Trek 2000's financial statements. UOB Share Price, The offences were discovered during investigations by the Commercial Affairs Department into separate offences committed by the management of T2000. Earnings per share was 0.86 US cent, up from 0.34 US cent previously, while net asset value per share was 17.36 US cents, above the 15.54 US cents previously. Price Targets with Substantial Upside / Downside Potential, Average Target Price & Fair Value Recommendations, STI Constituents Price Targets & Stock Ratings, Price Target with Substantial Upside/Downside Potential, Latest Share BuyBack On Market Transactions, Upcoming Dividends / Rights / Share Entitlements. But that was not the end of his legal woes as he has nine other charges outstanding.

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Trek 2000 was incorporated as a private limited company in 1999 and converted into a public company the following year before listing on the Stock Exchange of Singapore Dealing and Automated Quotation System, and being transferred to the main board of the Singapore Exchange Securities Trading Limited in 2002. The gift link for this subscriber-only article has expired. The inventor and patent owner of the thumb drive and FluCard, which is a smart SD card, also saw its licensing revenue increase 6.5 per cent to US$2.1 million. EMBATTLED Trek 2000 International will be revising its profit after tax for FY2019 to a loss after tax due to material audit adjustments, the company said in a bourse filing on Thursday.

meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners. The company said the higher turnover was driven by increased demand for its thumb drives, security solutions and SD cards. In total, there were six transactions made with a total value of US$882,256 between the group and S-Com HK in the financial year of 2010. These transactions were between the Trek 2000 group and another firm Tan was the sole shareholder for, as well as a firm his son held majority shares in.
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Trek 2000 was an investment holding company with a portfolio of technology-related intellectual properties, including the thumbdrive or USB flash drive, which it invented in or around 2000.

No. Trek 2000 to revise FY2019 profit after tax to loss. Source of the report is credited at the end of article whenever reference is made. Mediacorp Pte Ltd. All rights reserved. No dividend was declared in the previous year. Deputy Public Prosecutor Tan Ee Kuan asked for a fine of at least S$90,000, saying that Tan was more culpable than his co-accused Poo as he attended meetings where the issue of whether Trek 2000 had entered into any interested person transactions was raised and discussed. The net tangible assets for Trek 2000 and its subsidiaries for the financial year ending Dec 31, 2012 was US$35.1 million (S$48.2 million) and 3 per cent of this was US$1.05 million.