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BlackGold Natural Resources Ltd. ( (SG:41H) ) has issued an update.
BlackGold Natural Resources Ltd. has announced a revised investment proposal from PT Rajawali Artha Global, reducing the investment amount from S$5,000,000 to S$1,600,000 for an 85% equity stake in the restructured company. This proposal aims to pay approximately 38% of the company’s unsecured claims, necessitating a new creditors’ meeting to consider the changes, which could significantly impact the company’s financial recovery and stakeholder interests.
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 sector, focusing on investments and restructuring efforts to stabilize its financial standing.
Average Trading Volume: 1,100
Technical Sentiment Signal: Sell
Current Market Cap: S$3.23M
See more insights into 41H stock on TipRanks’ Stock Analysis page.