Renaissance United Limited (SG:I11) has released an update.
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Renaissance United Limited has settled a legal dispute with Sawyer Falls for $4 million and completed a profitable asset sale, generating over $9.4 million in proceeds. The company is actively exploring acquisitions to improve its financial standing, having faced consecutive losses impacted by COVID-19, particularly in its China operations. They must improve their financial health within 36 months to avoid delisting from the Singapore Exchange.
For further insights into SG:I11 stock, check out TipRanks’ Stock Analysis page.