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Transit-Mixed Concrete Ltd ( (SG:570) ) just unveiled an update.
Abundante Limited, a company incorporated in Singapore, has announced the termination of its non-binding memorandum of understanding with Ningxia Zhongwei Chenyu New Energy Co., Ltd. for the proposed acquisition of Chizhou Zhonghong Energy Technology Co., Ltd. The decision to terminate the agreement was mutually agreed upon due to the current uncertain macroeconomic environment. This termination is not expected to materially impact the company’s net tangible assets per share or earnings per share for the financial year ending 28 February 2026.
More about Transit-Mixed Concrete Ltd
Technical Sentiment Signal: Sell
Current Market Cap: S$12.51M
Learn more about 570 stock on TipRanks’ Stock Analysis page.