Nera Telecommunications Ltd (SG:N01) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Nera Telecommunications Ltd has announced the initiation of a voluntary winding up of its dormant subsidiaries, Nera Telecommunications (Myanmar) Co., Ltd and Nera Networks Nigeria Limited, which have been inactive since 2023 and 2018 respectively. The liquidation of these entities is not expected to significantly affect the company’s net tangible assets or earnings per share for the fiscal year ending in December 2024.
For further insights into SG:N01 stock, check out TipRanks’ Stock Analysis page.