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Plato Capital Limited ( (SG:YYN) ) has shared an update.
Plato Capital Limited has responded to questions from the Securities Investors Association (Singapore) ahead of its 9 January 2026 extraordinary general meeting, where shareholders will consider a proposed voluntary delisting via a selective capital reduction at an exit price of S$3.05 per share. The board explained that the delisting proposal was initiated by management after concluding that the group’s growth trajectory had stalled and its long-term prospects were constrained by its current business structure, weak cash generation, competitive pressures and macro uncertainties, which together have hampered its ability to raise fresh capital in the market or secure bank financing for expansion and hotel development without personal guarantees from its chairman, highlighting the challenges the company faces as a thinly traded Catalist-listed stock and the rationale for offering minority shareholders a cash exit despite the discount to net asset value and revalued net asset value metrics.
More about Plato Capital Limited
Plato Capital Limited is a Singapore-incorporated investment holding company listed on the Catalist Board of SGX, with group operations whose growth has stagnated amid increasing competition, structural constraints and macroeconomic uncertainties. The company’s existing businesses have struggled to generate sufficient cash flow to fund meaningful expansion or the construction of its Ormond Hotel assets, limiting its ability to secure external funding and bank financing without personal guarantees from its controlling shareholder.
Average Trading Volume: 1,946
Technical Sentiment Signal: Buy
Current Market Cap: S$36.78M
Learn more about YYN stock on TipRanks’ Stock Analysis page.