Ellipsiz Ltd (SG:BIX) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ellipsiz Ltd has announced delays in the development of its commercial egg farm, initially slated to commence operations in 2024, due to the impact of the COVID-19 pandemic, supply chain issues, and the need for enhanced biosecurity measures. These challenges have significantly increased the project’s costs and necessitated discussions with authorities for additional funding and land to accommodate these changes. The company is now re-evaluating the project’s viability and will update shareholders as the situation develops.
For further insights into SG:BIX stock, check out TipRanks’ Stock Analysis page.