tiprankstipranks
Trending News
More News >

Plato Capital Limited Initiates Voluntary Winding-Up of Dormant Subsidiary

Story Highlights
  • Plato Capital Limited is winding up its dormant subsidiary to streamline operations.
  • The winding-up is not expected to impact the company’s financial performance in 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Plato Capital Limited Initiates Voluntary Winding-Up of Dormant Subsidiary

Confident Investing Starts Here:

The latest announcement is out from Plato Capital Limited ( (SG:YYN) ).

Plato Capital Limited has announced the voluntary winding-up of its dormant and indirect wholly-owned subsidiary, Plato Solutions Sdn. Bhd., as part of its strategy to streamline operations and reduce costs. This move is not expected to materially impact the company’s financial performance for the year ending December 2025, and no directors or substantial shareholders have any direct interest in the winding-up process.

More about Plato Capital Limited

Plato Capital Limited, incorporated in Singapore, operates as a holding company with various subsidiaries. The company focuses on optimizing its corporate structure by managing its subsidiaries, which may involve dissolving dormant entities to streamline operations and reduce costs.

Average Trading Volume: 2,637

Technical Sentiment Signal: Buy

Current Market Cap: S$35.93M

See more data about YYN stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1