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Serial System Ltd ( (SG:S69) ) has provided an update.
Serial Achieva Limited has completed the striking off of its joint venture entity, Achieva Tech Allianz Pte. Ltd., from Singapore’s Register of Companies following the earlier termination of its joint venture agreement with A-Speed Infotech Pte. Ltd. The company stated that the deregistration of the joint venture is not expected to have any material impact on the group’s net tangible assets or earnings per share for the financial year ending 31 December 2025, and confirmed that none of its directors or substantial shareholders has any interest in the transaction beyond their existing shareholdings, indicating minimal financial and governance implications for stakeholders.
More about Serial System Ltd
Serial Achieva Limited, incorporated in Labuan, Malaysia, operates as a holding company with a group structure focused on technology-related businesses through its subsidiaries, including joint ventures such as Achieva Tech Allianz Pte. Ltd. formed previously with A-Speed Infotech Pte. Ltd.
Average Trading Volume: 9,385,577
Technical Sentiment Signal: Buy
Current Market Cap: S$69.88M
For detailed information about S69 stock, go to TipRanks’ Stock Analysis page.