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Figtree Holdings Ltd. ( (SG:5F4) ) just unveiled an announcement.
Figtree Holdings has announced an update on legal proceedings involving its 20%-owned associate, Vibrant Pucheng Logistics (Chongqing) Co., Ltd., which has outstanding progress payments relating to the construction of a Multi-Modal Logistics Distribution Centre in Chongqing, China. Vibrant Group Limited, the holding company of Figtree’s controlling shareholder, has, via its wholly-owned subsidiary New Vibrant (Jiangsu) Supply Chain Management Co., Ltd, entered into a second debt transfer agreement with China Railway Construction Engineering Group Co., Ltd to acquire a further portion of Vibrant Pucheng’s debt of approximately RMB 23.37 million (including interest and penalties) for RMB 18 million; this transaction is not expected to have a material financial impact on Figtree Holdings for the financial year ending 31 December 2025, and no directors or other controlling shareholders, apart from the controlling shareholder’s holding company, have any interest in the arrangement.
More about Figtree Holdings Ltd.
Figtree Holdings Limited is an investment holding company with interests in logistics infrastructure through associates such as Vibrant Pucheng Logistics (Chongqing) Co., Ltd., which is involved in the development of a Multi-Modal Logistics Distribution Centre in Chongqing, China. The Group operates alongside its controlling shareholder Singapore Enterprises Pte Ltd and related entities under Vibrant Group Limited, reflecting a strategic focus on logistics and supply chain assets in the region.
Average Trading Volume: 2,636,392
Technical Sentiment Signal: Buy
Current Market Cap: S$15.45M
For an in-depth examination of 5F4 stock, go to TipRanks’ Overview page.