MegaChem Ltd. (SG:5DS) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
MegaChem Limited has received an additional S$4.91 million in interim insurance compensation following a warehouse fire, bringing the total received to S$7.91 million. The company is awaiting regulatory clearance to rebuild and anticipates that the insurance proceeds will positively impact the financial performance for the year. Updates will be provided as significant developments occur.
For further insights into SG:5DS stock, check out TipRanks’ Stock Analysis page.