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The latest update is out from BlackGold Natural Resources Ltd. ( (SG:41H) ).
BlackGold Natural Resources Ltd. is currently under judicial management and has been in discussions with Shu Jian Tian Yu Development Co Pte Ltd for a potential capital injection. However, these discussions have been delayed due to medical issues affecting a key decision-maker at the potential investor. The judicial manager is working on a revised timeline for due diligence and plans to request an extension of the judicial management period to facilitate the completion of necessary processes. This extension aims to achieve statutory objectives under the Insolvency, Restructuring and Dissolution Act 2018.
More about BlackGold Natural Resources Ltd.
BlackGold Natural Resources Ltd. is a company incorporated in Singapore, operating under judicial management. The company is involved in the natural resources industry, focusing on potential capital injections to stabilize its operations.
Average Trading Volume: 1,100
Technical Sentiment Signal: Buy
Current Market Cap: S$3.23M
Learn more about 41H stock on TipRanks’ Stock Analysis page.