Sen Yue Holdings Ltd. (SG:5BS) has released an update.
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Sen Yue Holdings Ltd. has announced the withdrawal of its current Trading Resumption Proposal due to the Singapore Exchange Securities Trading (SGX-ST) advising a re-evaluation in light of an ongoing investigation by the Monetary Authority of Singapore. The company has been instructed to submit a new proposal once there is more clarity regarding the investigation’s impact on its operations and management. Shareholders will be kept informed on any significant updates concerning this matter.
For further insights into SG:5BS stock, check out TipRanks’ Stock Analysis page.