Annaik Limited (SG:A52) has released an update.
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AnnAik Limited has clarified operational and financial queries from the Securities Investors Association Singapore, revealing a 70% utilisation rate of its 1,800-ton annual steel flanges manufacturing capacity in 2023. The company’s trading segment remains on hold as it evaluates market conditions and profitability, while its environmental division in China has not seen tariff adjustments for its wastewater treatment plants in the past two years.
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