Mercurius Capital Investment Limited (SG:5RF) has released an update.
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Mercurius Capital Investment Limited has declared itself a ‘Cash Company’ under Catalist Rule 1017 after losing revenue-generating subsidiaries, necessitating strict control over its cash assets and a search for a new business venture. The company faces delisting from the SGX-ST if it fails to acquire a suitable new business within 12 months, with a possible 6-month extension granted under specific conditions. Shareholders are kept in the loop with regular financial updates as the company navigates this transitional phase.
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