Dragon Group International Limited (SG:MT1) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Dragon Group International Limited has reported that its associate company, Eocell, is facing financial distress with missed payroll obligations and a workforce furlough. Despite previous loans from Dragon Group’s management, Eocell remains insolvent and is exploring alternative financing options. In response, Dragon Group is assessing the situation with Eocell’s management and considering legal routes to recover the outstanding loans.
For further insights into SG:MT1 stock, check out TipRanks’ Stock Analysis page.