Investment Diary

 Introduction Sheng Siong operates a chain of supermarket retail stores selling consumer products. Revenue is recognised when the control of the goods has been transferred, being at the point the customer purchases the goods at the retail store. The Group’s businesses are not affected significantly by seasonal or cyclical factors during the year (2024). The Group operates in one segment, which relates to the supermarket operations selling consumer goods. The Group operates in Singapore and China, but does not report China as a separate geographical segment as the China operations are not significant for the years ended 31 December 2024 and 31 December 2023 . The subsidiary in Malaysia remained inactive.   Investment Property During the year, the Group purchased Siglap V shop units (Note 13) for long-term capital appreciation and collection of rental income . Accordingly, it was classified as an investment property. Investment property is initially recognised at...