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Asia-Pacific Strategic Investments Limited ( (SG:5RA) ) has provided an announcement.
Asia-Pacific Strategic Investments Limited has received a letter of demand from Giant Venture Group Holdings Limited for an outstanding payment of US$2 million. The company is facing potential legal action, including a winding-up application, if the payment is not made within the specified timeframe. This situation arises from the unauthorized use of funds by the former Chairman and CEO, which is under police investigation. The company’s financial stability and ability to continue operations may be significantly impacted.
More about Asia-Pacific Strategic Investments Limited
Current Market Cap: S$17.83M
See more insights into 5RA stock on TipRanks’ Stock Analysis page.