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IPS Securex Holdings Exceeds Transaction Threshold with Related Parties

Story Highlights
  • IPS Securex Holdings operates in security solutions and industrial equipment.
  • The company exceeded transaction thresholds with related parties, impacting financial transparency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IPS Securex Holdings Exceeds Transaction Threshold with Related Parties

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The latest update is out from IPS Securex Holdings ( (SG:42N) ).

IPS Securex Holdings Limited has announced that its transactions with IPS Group Pte. Ltd. and IPS Realty Pte. Ltd. have exceeded 3% of the Group’s latest audited net tangible assets as of June 2024, triggering disclosure requirements under the Catalist Rules. This development highlights the company’s ongoing financial engagements with related parties, which may have implications for its financial transparency and governance practices.

More about IPS Securex Holdings

IPS Securex Holdings Limited, incorporated in Singapore, operates within the security solutions industry, focusing on providing advanced security products and services. The company is engaged in various sectors, including manufacturing and distribution of industrial equipment and real estate management through its subsidiaries.

Average Trading Volume: 707,394

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$4.36M

For a thorough assessment of 42N stock, go to TipRanks’ Stock Analysis page.

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