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Mercurius Capital Investment Limited ( (SG:5RF) ) just unveiled an update.
Mercurius Capital Investment Limited announced an update regarding the liquidation status of its joint venture, Grand Bay Hotel Co., Ltd. The liquidation process has been delayed due to a shareholder’s consideration of a third-party acquisition proposal. The company is now exploring alternative exit strategies, including a potential share buyback and capital reduction by Grand Bay. Ongoing discussions with legal advisers are yet to finalize the arrangement, and further updates will be provided as developments occur.
More about Mercurius Capital Investment Limited
Mercurius Capital Investment Limited, incorporated in Singapore, operates in the investment industry. The company engages in various investment activities and holds interests in joint ventures, focusing on maximizing returns for its stakeholders.
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$22.29M
For a thorough assessment of 5RF stock, go to TipRanks’ Stock Analysis page.