TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from ST Group Food Industries Holdings Limited ( (SG:DRX) ) is now available.
ST Group Food Industries Holdings Limited has announced the creditors’ voluntary liquidation of its indirect subsidiary, PPR Ryde, which operates a ‘PappaRich’ outlet in Australia. The decision follows a comprehensive review revealing that PPR Ryde is financially unsustainable due to persistent operating losses, high costs, and weak consumer demand. The liquidation is expected to have a positive long-term impact on the Group’s consolidated net tangible assets and earnings per share, despite some immediate losses.
More about ST Group Food Industries Holdings Limited
ST Group Food Industries Holdings Limited operates in the food and beverage industry, with a focus on managing outlets under the ‘PappaRich’ brand in Australia. The company is involved in the operation of food and beverage outlets, and its market focus includes providing dining experiences under various brand names.
Average Trading Volume: 53,716
Technical Sentiment Signal: Hold
Current Market Cap: S$35.1M
For an in-depth examination of DRX stock, go to TipRanks’ Overview page.