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The latest update is out from Aspen (Group) Holdings Ltd. ( (SG:1F3) ).
Aspen (Group) Holdings Ltd. has announced the creditors’ voluntary liquidation of its wholly-owned subsidiaries, Kanada-Ya SG Pte. Ltd. and Kanada-Ya Restaurants Pte. Ltd., due to unsustainable operations caused by high operating costs and reduced consumer spending in Singapore’s food and beverage sector. The liquidation decision follows the passing of the franchisor’s founder, which led to diminished support, and will allow Aspen to concentrate on its core property development business.
More about Aspen (Group) Holdings Ltd.
Aspen (Group) Holdings Ltd. operates in the property development industry, focusing on creating residential and commercial properties. The company is based in Singapore and has diversified interests, including a presence in the food and beverage sector through its subsidiaries.
Average Trading Volume: 552,951
Technical Sentiment Signal: Sell
Current Market Cap: S$44.41M
Find detailed analytics on 1F3 stock on TipRanks’ Stock Analysis page.
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