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Keong Hong Holdings Limited ( (SG:5TT) ) has issued an update.
Keong Hong Holdings Limited, a company listed on the Singapore Exchange, has been placed on the Watch-List due to not meeting the Financial Entry Criteria. The company is actively working to restore its financial health and meet the necessary requirements to avoid delisting. As part of its efforts, Keong Hong has entered into a Sale and Purchase Agreement to sell its equity interest in Katong Holdings Pte Ltd for S$34.5 million. This move is intended to focus on its core business and explore new strategic opportunities, using the proceeds for working capital and potential new ventures.
More about Keong Hong Holdings Limited
YTD Price Performance: 9.89%
Average Trading Volume: 50,623
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$23.5M
For detailed information about 5TT stock, go to TipRanks’ Stock Analysis page.