NoonTalk Media needs continued financial support from CEO, auditors warn

By the Editorial Team · Thursday, October 15, 2026

NoonTalk Media reported a net loss of S$2.55 million for the fiscal year ending June 30, with auditors expressing doubts about the company's ability to continue as a going concern due to liabilities exceeding assets by S$2.93 million. The company's survival depends on financial support from its major shareholder Dasmond Koh and growth prospects from new marketing ventures in China, while it seeks additional funding to sustain operations.

NoonTalk Media continues to face significant financial challenges despite ongoing support from its chief executive and controlling shareholder, Dasmond Koh, according to the company’s recently released audited financial statements.

In an announcement dated October 14, NoonTalk detailed concerns raised by its auditors about the firm’s ability to remain a going concern. The talent management, multimedia production, and events company recorded a net loss of S$2.55 million for the fiscal year ending June 30, alongside operating cash outflows amounting to S$2.16 million. At the end of the reporting period, NoonTalk’s total liabilities exceeded its total assets by approximately S$2.93 million, with short-term liabilities outstripping short-term assets by a similar margin.

The auditors emphasized that the company’s continued operation is heavily reliant on the financial backing of Dasmond Koh. In response, Koh has provided a written undertaking to support the company financially for at least 12 months from October 14 to help meet its debt obligations as they become due. This assistance will primarily be facilitated through Koh’s holdings in publicly listed shares in Singapore, which can be liquidated to generate cash for the company. Previously, Koh converted a S$1.8 million loan to NoonTalk into equity shares in July, bolstering his commitment to the company’s financial stability.

Besides Koh’s support, NoonTalk is projecting revenue growth from new ventures, particularly through its subsidiary Ruiqi Zhongxin (Chengdu) Culture Technology. The subsidiary recently signed a framework agreement with a third party to execute promotional campaigns and advertising on ByteDance’s Ocean Qianchuan platform in China. The company’s board expressed confidence that the anticipated income from this marketing initiative, combined with planned cost-cutting measures, could enable the group to achieve positive operating cash flows moving forward.

Additionally, NoonTalk is exploring alternatives to secure further funding to sustain day-to-day operations. Despite the uncertainties highlighted, the board affirmed that sufficient information has been provided to allow the company’s shares to continue trading in an orderly manner on the Singapore Exchange.

The financial situation underscores the challenges NoonTalk faces in stabilizing its business amid ongoing losses and liquidity pressures. How the company will execute its plans and secure additional resources remains critical to its future viability.

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