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Abundante Limited Liquidates Dormant Subsidiary

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Abundante Limited Liquidates Dormant Subsidiary

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Transit-Mixed Concrete Ltd ( (SG:570) ) has provided an update.

Abundante Limited has announced the voluntary liquidation of its dormant subsidiary, Pinespeed Sdn. Bhd., which is incorporated in Malaysia. This decision is made under the Malaysia Companies Act 2016, and Pinespeed will be dissolved three months after the lodgement of the Return by Liquidator. The liquidation is not expected to significantly affect Abundante Limited’s net tangible assets or earnings per share for the current financial year.

More about Transit-Mixed Concrete Ltd

Average Trading Volume: 112,190

Technical Sentiment Signal: Sell

Current Market Cap: S$15.12M

For detailed information about 570 stock, go to TipRanks’ Stock Analysis page.

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