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As of 2:30 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

m development ltd (MDV) Snapshot

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52 Week High
03/5/14 - $0.01
52 Week Low
01/28/15 - $0.0050
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m development ltd (MDV) Details

M Development Ltd., an investment holding company, provides accommodation services in Singapore. It is also engaged in the operation of lodging and board houses; provision of hostel accommodation and building management services; and real estate activities. The company was formerly known as NTI International Limited and changed its name to M Development Ltd. The company was incorporated in 2002 and is based in Singapore.

Founded in 2002

m development ltd (MDV) Top Compensated Officers

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m development ltd (MDV) Key Developments

M Development Ltd. Enters into Loan Agreement with Visualedge Technology Co., Ltd

The board of directors of M Development Ltd. announced that the Company has entered into a loan agreement with Visualedge Technology Co. Ltd., pursuant to which the Company has agreed to provide a secured loan in multiple tranches up to an aggregate amount of SGD 7,500,000 to Visualedge on the terms and subject to the conditions of the Loan Agreement.

M Development Ltd. Reports Unaudited Earnings Results for the Six Months Ended June 30, 2014

M Development Ltd. reported unaudited earnings results for the six months ended June 30, 2014. For the quarter, the company has posted revenue of SGD 18,392,000 against SGD 10,622,000 a year ago. Loss before income tax was SGD 120,000 against SGD 2,637,000 a year ago. Loss attributable to owners of the company was SGD 189,000 or 0.01 cents per share against SGD 1,440,000 or 0.34 cents per share a year ago. Net cash flows used in operating activities was SGD 3,410,000 against net cash flows generated from operating activities of SGD 608,000 a year ago. Purchase of property, plant and equipment was SGD 89,000 against SGD 3,587,000 a year ago. The increase in revenue was derived from trading of electrical products of SGD 4,798,000 and operations of the hostel at Evans Road and new apartment units at Devonshire and Alexis.

M Development Ltd Appoints Wu BingQing as Member of Audit, Remuneration and Nominating Committees, Effective August 1, 2014

The Board of Directors of M Development Ltd. announced the appointment of Mr. Wu BingQing as a member of Audit, Remuneration and Nominating Committees with effect from August 1, 2014. Mr. Wu BingQing was appointed as an Independent Director of the company with effect from April 1, 2014.


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