Nam Cheong Limited (SG:1MZ) has released an update.
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Nam Cheong Limited, an established marine company, has announced a series of corporate restructuring steps, including arrangements with creditors and a placement agreement, leading up to the lifting of its trading suspension. This move comes after a series of announcements and applications related to debt restructuring and compliance with regulatory waivers. The company’s strategy aims to stabilize its financial standing and reassure shareholders and potential investors of its commitment to sustainable operations.
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