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SinoCloud Group Limited Updates on Sponsorship Transition

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SinoCloud Group Limited Updates on Sponsorship Transition

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SinoCloud Group Limited ( (SG:LYY) ) just unveiled an announcement.

SinoCloud Group Limited has announced an update regarding its continuing sponsorship. The company, which recently received a termination notice from its sponsor ZICO Capital Pte. Ltd., has shortlisted a potential new sponsor and is undergoing due diligence. ZICO Capital will continue as the sponsor until March 14, 2025, while SinoCloud seeks to finalize a new sponsorship agreement. This transition is crucial for SinoCloud’s compliance and market operations, and stakeholders are advised to exercise caution with their securities.

More about SinoCloud Group Limited

YTD Price Performance: 33.33%

Average Trading Volume: 2,533,678

Technical Sentiment Consensus Rating: Hold

Current Market Cap: S$3.37M

Learn more about LYY stock on TipRanks’ Stock Analysis page.

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