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Mercurius Capital Investment Limited ( (SG:5RF) ) just unveiled an update.
Mercurius Capital Investment Limited reports that there are no material developments regarding the notice of demand from the liquidator of its former subsidiary Songmart over stamp duty previously paid on the company’s behalf. The company also notes there has been no further correspondence relating to Songmart’s liquidation, and it has pledged to keep shareholders updated on any significant changes.
On its outstanding debt, Mercurius confirms that three convertible loans which matured in June 2025 and a US$460,000 loan from Asia Assets Development Co. Ltd., due on 3 July 2025, remain subjects of discussion. The board says it has reached a verbal understanding with the relevant lender, signalling ongoing efforts to manage its obligations and stabilise its financial position, though detailed terms have not yet been disclosed.
More about Mercurius Capital Investment Limited
Mercurius Capital Investment Limited is a Singapore-incorporated investment holding company listed on Catalist, operating through various subsidiaries. The group has been undergoing restructuring and debt management efforts following financial challenges, including disputes arising from legacy investments such as Songmart.
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$22.29M
For a thorough assessment of 5RF stock, go to TipRanks’ Stock Analysis page.