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Mercurius Capital Investment Limited ( (SG:5RF) ) has issued an update.
Mercurius Capital Investment Limited has disclosed that it received a statutory demand from the private trustees in bankruptcy of the estate of Dr Chong Cheong Sin over loan agreements entered into in 2024. The trustees allege that S$179,696.77 in principal and interest remains outstanding as of 9 March 2026 and warn that they may commence winding-up proceedings if the amount is not settled, secured or otherwise resolved within three weeks.
The company, which is contesting the allegations and reserving all its rights, is reviewing the demand with legal advisers and says it will determine its next steps accordingly. The board has cautioned shareholders to exercise care when trading the stock, underscoring the potential implications of the dispute for the company’s financial position and continuity, even though the sum in question is relatively modest by corporate standards.
More about Mercurius Capital Investment Limited
Mercurius Capital Investment Limited is a Singapore-incorporated investment company listed on the local exchange. The group is involved in capital investment activities, with its operations and funding structure subject to Singapore’s corporate and insolvency regulatory framework.
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$22.29M
For detailed information about 5RF stock, go to TipRanks’ Stock Analysis page.