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Don Agro International Limited ( (SG:GRQ) ) just unveiled an update.
Don Agro International Limited announced that it has fulfilled the conditions stipulated in the waivers and application confirmation from the Singapore Exchange Securities Trading Limited (SGX-ST). This relates to the company’s proposed acquisitions of 812 Capital LLC and Centre for Innovative Medical Technologies, LLC in Russia. The company sought waivers to utilize its cash and short-dated securities for refundable deposits and to use a Russian financial institution instead of one approved by the Monetary Authority of Singapore. Additionally, the company applied for continued trading of its shares after becoming a cash company. These developments are significant as they indicate the company’s strategic shift towards the medical industry, potentially impacting its market positioning and offering new opportunities for stakeholders.
More about Don Agro International Limited
Don Agro International Limited, incorporated in Singapore, is involved in the agricultural industry with a focus on expanding its operations into the medical sector through strategic acquisitions.
YTD Price Performance: -15.00%
Average Trading Volume: 20,012
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$25.55M
For an in-depth examination of GRQ stock, go to TipRanks’ Stock Analysis page.