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An announcement from Autagco Ltd. ( (SG:1D3) ) is now available.
Autagco Ltd. has appointed Keith Ng Hoe Kiat of Reliance 3P Advisory Pte. Ltd. as liquidator of its 75%-owned subsidiary Superfood Kitchen Pte. Ltd., effective 6 February 2026, transferring the powers of SFK’s directors to the liquidator. With this loss of control, SFK will be deconsolidated from Autagco’s financial statements from that date, in line with Singapore accounting standards, which will alter the group’s reported financials.
The liquidator will review SFK’s affairs and assets, realise them in the most advantageous manner, adjudicate creditor claims and distribute any available dividends, marking a further step in Autagco’s ongoing rationalisation of its food and beverage portfolio. There have been no material developments in the parallel voluntary liquidation of The Green Bar Pte. Ltd., and the company will continue to provide monthly updates on both processes, keeping investors informed as the restructuring unfolds.
More about Autagco Ltd.
Autagco Ltd., incorporated in Singapore, operates as a holding company with subsidiaries including food and beverage brands such as Superfood Kitchen Pte. Ltd. and The Green Bar Pte. Ltd. The group’s portfolio has included health-oriented dining concepts, though some units are now undergoing voluntary liquidation as the company restructures its operations.
Current Market Cap: S$2.61M
For an in-depth examination of 1D3 stock, go to TipRanks’ Overview page.