SinoCloud Group Limited (SG:LYY) has released an update.
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SinoCloud Group Limited has announced the termination of its sponsorship agreement with ZICO Capital Pte. Ltd., effective from February 2025 due to commercial reasons. The company is actively seeking a new sponsor to avoid potential suspension or delisting from the Singapore Exchange if a replacement is not found within three months. Shareholders are advised to exercise caution when dealing with the company’s securities during this transition period.
For further insights into SG:LYY stock, check out TipRanks’ Stock Analysis page.