International Cement Group Ltd. (SG:KUO) has released an update.
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International Cement Group Ltd. has announced the de-registration of its 90% owned subsidiary in Mauritius and the voluntary winding-up of a subsidiary in Malaysia. These corporate restructurings have been confirmed to not materially affect the Group’s net tangible assets or earnings per share for the current financial year. The changes are part of compliance with local legal amendments and creditor agreements, with no direct interests involved from directors or major shareholders besides their existing stakes in the company.
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