Raffles United Holdings Ltd. provided group earnings guidance for the year ending December 31, 2016. The board to informed the shareholders that it is expected to report a net loss for the full year December 31, 2016 due to: Expected material loss on disposal of its Taiwan subsidiary, Ascend Bearings Co., Ltd; Realized losses arising from active inventory clearance at reduced prices during the current financial year; and Provision for slow-moving inventories in line with the weak global market sentiment, soft market demand and depressed selling prices for bearings and seals.