tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Plato Capital Streamlines Operations with Subsidiary Liquidation

Plato Capital Streamlines Operations with Subsidiary Liquidation

Plato Capital Limited (SG:YYN) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Plato Capital Limited has announced the voluntary liquidation of its indirect 70% owned, dormant subsidiary Positive Carry Sdn. Bhd., as a strategic move to streamline operations and reduce costs. The liquidation is not expected to materially affect the Group’s net tangible assets or earnings for the fiscal year. This decision is part of the company’s broader efforts to optimize its corporate structure.

For further insights into SG:YYN stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport 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