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V2Y Corporation Ltd.
(SGX:V2Y)
V2Y Corporation Ltd. (V2Y) vs. iShares MSCI Singapore ETF (EWS)
V2Y Corporation Ltd. Business Overview & Revenue Model
V2Y Corporation Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.38M | 911.00K | 215.00K | 304.00K | 1.09M | 1.77M |
| Gross Profit | 81.00K | 99.00K | 95.00K | 109.00K | 404.00K | 454.00K |
| EBITDA | -1.01M | -1.37M | -909.00K | -2.00M | -1.41M | -4.70M |
| Net Income | -1.64M | -1.63M | -921.00K | -2.19M | -1.79M | -5.10M |
Balance Sheet | ||||||
| Total Assets | 2.37M | 2.89M | 923.00K | 1.90M | 2.95M | 4.61M |
| Cash, Cash Equivalents and Short-Term Investments | 1.06M | 134.00K | 664.00K | 1.62M | 1.62M | 1.98M |
| Total Debt | 439.00K | 1.83M | 263.00K | 431.00K | 483.00K | 78.00K |
| Total Liabilities | 2.74M | 3.30M | 1.06M | 1.12M | 1.89M | 1.75M |
| Stockholders Equity | -364.00K | -446.00K | -137.00K | 784.00K | 1.06M | 2.85M |
Cash Flow | ||||||
| Free Cash Flow | -1.69M | -1.89M | -825.00K | -1.77M | -769.00K | -844.00K |
| Operating Cash Flow | -989.00K | -1.19M | -825.00K | -1.77M | -765.00K | -222.00K |
| Investing Cash Flow | -951.00K | -705.00K | 4.00K | 0.00 | -4.00K | 49.98M |
| Financing Cash Flow | 2.75M | 1.36M | -138.00K | 1.76M | 395.00K | -49.23M |
V2Y Corporation Ltd. Peers Comparison
V2Y Corporation Ltd. Corporate Events
V2Y Corporation Ltd, a company incorporated in Singapore, has announced a change in its company secretary position. Lim Kok Meng will cease to be the Company Secretary, and Mr. Poh Chee Eng will take over the role effective from October 21, 2025. The company expressed gratitude to Mr. Lim Kok Meng for his contributions during his tenure. This change reflects a strategic administrative adjustment within the company, potentially impacting its corporate governance and operational management.
V2Y Corporation Ltd has announced the cessation of Mr. Felix Ang as a non-independent non-executive director, following a whistleblowing complaint. The company is investigating an outstanding sum of S$505,909.51 owed to Mr. Ang, and is seeking legal advice and further documentation related to the complaint. The Audit Committee members who investigated the complaint have resigned, and Mr. Ang has agreed to cooperate with the ongoing investigation. There are no unresolved differences in opinion on material matters between Mr. Ang and the Board.
V2Y Corporation Ltd, a company incorporated in Singapore, announced a corrigendum regarding the appointment of Mr. Lang Jinjun as the Non-Executive and Independent Chairman. The announcement corrects previous omissions about Mr. Lang’s past directorships in several dissolved companies, highlighting the importance of transparency and accuracy in corporate governance.
V2Y Corporation Ltd., a company incorporated in Singapore, has announced a significant reconstitution of its Board of Directors and Board Committees. The changes, effective from October 16, 2025, include the appointments of Mr. Lang Jinjun as Non-Executive and Independent Chairman, and Mr. Jonathan Lee Jiahui and Mr. James Kho Chung Wah as Independent and Non-Executive Directors. These appointments follow the cessation of Mr. Guo Zhipeng, Mr. Yip Mun Foong, and Mr. Geng Guilin from their respective positions. This reconstitution is expected to bring new perspectives and leadership to the company, potentially impacting its strategic direction and governance.
V2Y Corporation Ltd., incorporated in Singapore, has announced the cancellation of its Extraordinary General Meeting (EGM) originally scheduled for October 17, 2025. This decision follows the resignation of three directors and the appointment of two new non-executive and independent directors, which were the primary agenda items for the EGM. The changes in the board composition have been confirmed, rendering the meeting unnecessary.
V2Y Corporation Ltd. has announced a corrigendum regarding the appointment of Mr. James Kho Chung Wah as a Non-Executive and Independent Director. The Board has agreed to the requisitioning parties’ proposal, who hold more than 10% of the company’s paid-up shares, to appoint Mr. Kho effective from 14 October 2025. This decision follows an extraordinary general meeting called by the requisitioning parties, indicating a significant shareholder influence in the company’s governance.
V2Y Corporation Ltd., a company incorporated in Singapore, has received a letter of demand from Mr. Ang Wei Yang Felix, alleging defamatory statements were made against him in recent company announcements. Mr. Ang is seeking damages of S$95,000, a public retraction, and a written apology. The company is currently seeking legal advice and has suspended trading of its securities on the SGX-ST to address the matter. The financial impact of the legal proceedings is currently undetermined, and further updates will be provided to shareholders as necessary.
V2Y Corporation Ltd. has received a whistleblowing complaint against Mr. Ang Wei Yang Felix, a former Non-Executive and Non-Independent Director. The Audit Committee is investigating the serious allegations and has engaged special auditors for assistance. Reports have been filed with relevant authorities, and trading of the company’s securities has been halted, with plans for voluntary suspension to allow time for the investigation.
V2Y Corporation Ltd. has received a requisition letter from shareholders holding over 10% of its shares, demanding the resignation of three directors by 23 September 2025. If the directors do not resign, the requisitioning parties plan to call an extraordinary general meeting to vote on their removal and the appointment of two new directors. This development follows a recent disclaimer of opinion by auditors and the contested resignation of a former executive director, Mr. Felix Ang. The board is currently seeking legal advice and verifying the shareholders’ claims while advising caution to investors.
V2Y Corporation Ltd. held its Annual General Meeting on July 11, 2025, at Raffles Marina in Singapore. The meeting was chaired by Mr. Yip Mun Foong, with the presence of key board members, executives, and representatives from various associated firms. The meeting commenced with a welcome address and confirmation of the quorum, indicating the company’s commitment to maintaining transparency and engaging with its stakeholders.