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Mercurius Capital Issues Monthly Update on Songmart Liquidation and Overdue Loans

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Mercurius Capital Issues Monthly Update on Songmart Liquidation and Overdue Loans

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The latest announcement is out from Mercurius Capital Investment Limited ( (SG:5RF) ).

Mercurius Capital Investment Limited has provided its latest monthly update under Catalist Rule 704(22), stating that there are no material developments regarding the notice of demand from the liquidators of its former subsidiary Songmart for stamp duty previously paid on the company’s behalf, and no new communications have been received concerning Songmart’s liquidation. The board also reported that, in relation to three convertible loans that fell due in June 2025 and a US$460,000 loan from Asia Assets Development Co. Ltd. that matured on 3 July 2025, the company has reached a verbal understanding with the lender, signalling ongoing efforts to manage its debt obligations while keeping shareholders informed of any significant changes.

More about Mercurius Capital Investment Limited

Mercurius Capital Investment Limited, incorporated in Singapore, operates as an investment holding company with interests consolidated under its group structure. Listed on the Catalist board of the Singapore Exchange, the company is subject to enhanced disclosure and monitoring requirements, including monthly updates relating to its financial position and compliance with continuing listing obligations.

Technical Sentiment Signal: Strong Sell

Current Market Cap: S$22.29M

For a thorough assessment of 5RF stock, go to TipRanks’ Stock Analysis page.

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