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Annica Holdings Faces Setback in Subsidiary Disposal

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Annica Holdings Faces Setback in Subsidiary Disposal

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Annica Holdings Limited ( (SG:5AL) ) has shared an update.

Annica Holdings Limited announced the non-completion of its proposed disposal of its wholly-owned subsidiary, Industrial Engineering Systems Pte. Ltd., due to the purchaser’s failure to fulfill obligations. The company is seeking legal advice and cannot yet determine the financial impact of this non-completion on its financials for the year ending December 2025.

More about Annica Holdings Limited

Annica Holdings Limited, incorporated in Singapore, operates in the industrial sector, focusing on engineering systems. The company is involved in providing industrial engineering solutions and services.

Current Market Cap: S$19.26M

See more data about 5AL stock on TipRanks’ Stock Analysis page.

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