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Liongold ( (SG:A78) ) just unveiled an announcement.
Shen Yao Holdings Limited, registered in Singapore, is currently navigating legal and financial challenges. The company is dealing with a statutory demand from Tomson Pte. Ltd. and has successfully obtained a court order to prevent winding-up proceedings. Additionally, Shen Yao is actively seeking new investors and business opportunities to comply with SGX-ST’s Catalist Rules and has entered into an agreement with JCS INVD PTE LTD. The company is also engaging with its executive director and controlling shareholder, Mr. Yao Liang, for potential funding to meet working capital needs.
More about Liongold
Current Market Cap: S$67.41M
Find detailed analytics on A78 stock on TipRanks’ Stock Analysis page.