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SDAI Reports No New Material Developments in KHL Marketing Liquidation

Story Highlights
  • SDAI says there are no new material developments in KHL Marketing’s liquidation.
  • The company’s shares remain suspended as it commits to ongoing monthly updates under Catalist rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SDAI Reports No New Material Developments in KHL Marketing Liquidation

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SDAI ( (SG:5TI) ) has issued an update.

SDAI Limited has reported that there have been no further material developments in relation to the compulsory liquidation of its subsidiary KHL Marketing Asia-Pacific Pte. Ltd. that would significantly affect the group’s financial position since its last update. The company’s shares remain suspended on the Singapore Exchange, and it has committed to continue issuing monthly updates and additional announcements as required under Catalist rules, providing ongoing transparency to shareholders and potential investors amid the prolonged liquidation process and trading suspension.

More about SDAI

SDAI Limited is a Singapore-incorporated company listed on the SGX Catalist board, whose shares have been suspended from trading since July 2021, and has ongoing exposure to the compulsory liquidation proceedings of its subsidiary KHL Marketing Asia-Pacific Pte. Ltd.

Current Market Cap: S$33.97M

See more insights into 5TI stock on TipRanks’ Stock Analysis page.

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