Shen Yao Updates on Protracted Legal Matters and Progress Toward New Business

Liongold ( (SG:A78) ) has provided an announcement.

Shen Yao Holdings has provided its latest monthly update under Catalist Rule 704(22), detailing ongoing legal and restructuring developments as it seeks to exit its cash company status and obtain a new business. The company reported that mediation efforts in November 2025 relating to an Originating Claim involving Golden Point Group Pty Ltd did not produce a settlement, and subsequent Registrar’s Case Conferences have been repeatedly adjourned, with the next scheduled for March 2026 while notice is served on another defendant in Australia; Shen Yao clarified that it is not a party to this claim but remains affected by related proceedings, including a prior statutory demand from Tomson Pte. Ltd. that had prompted court action to block potential winding-up proceedings. Despite the prolonged and uncertain legal timelines, the company highlighted that it has entered into an agent agreement with JCS as part of its broader efforts to progress capital deployment, manage its asset base and cash utilisation, and achieve the milestones required to secure a new operating business and improve its compliance and positioning on the Catalist market.

More about Liongold

Shen Yao Holdings Limited, registered in Singapore and listed on the SGX Catalist board, operates as an investment holding company that has transitioned into cash company status and is presently focused on securing and developing a new core business to comply with listing requirements and restore a sustainable operating model.

Current Market Cap: S$67.41M

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