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An announcement from BH Global Corporation Limited ( (SG:BQN) ) is now available.
BH Global Corporation Limited has announced updates on the voluntary winding-up of its subsidiary, OMS. Initially planning to cease OMS’ operations, the company has decided to transfer certain assets and businesses back to the Group to mitigate losses. ITPL, a wholly-owned subsidiary, will acquire these assets through a public auction, ensuring business continuity. This restructuring is not expected to significantly impact the Group’s financial metrics for the year ending December 31, 2025.
More about BH Global Corporation Limited
BH Global Corporation Limited operates in the industrial sector, focusing on providing solutions and services related to electrical and marine industries. The company is involved in the supply and distribution of electrical products, as well as offering engineering services and solutions to various sectors.
YTD Price Performance: -6.67%
Average Trading Volume: 21,980
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$33.6M
Find detailed analytics on BQN stock on TipRanks’ Stock Analysis page.