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Southern Archipelago Ltd. Strikes Off Dormant Subsidiary

Story Highlights
  • Southern Archipelago Ltd. is striking off its dormant subsidiary, Eufhoria Pte. Ltd.
  • The strike-off is not expected to affect the company’s financials or involve any interested directors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Southern Archipelago Ltd. Strikes Off Dormant Subsidiary

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The latest update is out from Southern Archipelago Ltd ( (SG:A33) ).

Southern Archipelago Ltd. has announced the strike-off of its dormant wholly-owned subsidiary, Eufhoria Pte. Ltd., in accordance with Section 344A of the Companies Act 1967. This action is not expected to impact the company’s net tangible assets or earnings per share for the current financial year, and no directors or controlling shareholders have any interest in this decision.

More about Southern Archipelago Ltd

Current Market Cap: S$27.57M

For a thorough assessment of A33 stock, go to TipRanks’ Stock Analysis page.

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