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Cosmosteel Holdings Limited ( (SG:B9S) ) has provided an announcement.
Cosmosteel Holdings Limited has announced a deferral in the sale of a warehouse by its subsidiary, Kim Seng Huat Hardware, due to pending approvals, with a new deadline set for June 2025. Additionally, the company is making a strategic investment in Vietnam’s SRE Holdings, acquiring a 16.2% stake, with the completion date extended to the end of May 2025. These developments reflect Cosmosteel’s ongoing efforts to meet financial criteria and improve its market position.
More about Cosmosteel Holdings Limited
Cosmosteel Holdings Limited, incorporated in Singapore, operates in the industrial sector, focusing on the supply of piping system components to the energy, marine, and other industries. The company has been on the Singapore Exchange’s Watch-list due to financial challenges, including pre-tax losses and low market capitalization.
Average Trading Volume: 233,707
Technical Sentiment Signal: Buy
Current Market Cap: S$36.15M
For a thorough assessment of B9S stock, go to TipRanks’ Stock Analysis page.