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28 August 2026

Singamas H1 profits plummet – US legal case adds to pressure on box-maker

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Source reporting: The Loadstar

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Singamas H1 profits plummet – US legal case adds to pressure on box-maker

Legal costs from the US indictment of Chinese container-maker Singamas and its chairman and CEO, Teo Siong Seng (pictured), are expected to impact the company’s 2026 earnings. Hong Kong-listed Singamas said the US Department of Justice proceedings would hit profitability just as the container business was already under significant pressure. That makes the legal case more than a corporate governance issue for Singamas; it is an additional earnings headwind at a time ... The post Singamas H1 profits plummet – US legal case adds to pressure on box-maker appeared first on The Loadstar .

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