Global Invacom (SG:QS9) has released an update.
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Global Invacom, a leading satellite communications equipment provider, is undergoing a strategic consolidation to bolster sustainable growth and operational efficiency. This includes the winding up of two subsidiaries, Raven Antenna Systems Inc. and Satellite Acquisition Corporation, due to declining demand and financial losses. The Group is refocusing on streamlining operations and advancing R&D to enhance its electronic product portfolio.
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