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ST Group Food Industries Holdings Limited ( (SG:DRX) ) has provided an update.
ST Group Food Industries Holdings Limited has announced updates regarding the liquidation processes of its indirect subsidiaries in the UK, namely GCTea Outlets 2B Ltd, GCTea Outlets 2A Ltd, and GCTea Ltd. The company is progressing with the liquidation of GCTea Outlets 2B, having initiated the process following a board and general meeting. Meanwhile, GCTea Outlets 2A and GCTea Ltd are in the process of finalizing the appointment of joint liquidators, with the liquidation dates pending. These developments indicate a strategic restructuring of the company’s operations in the UK.
More about ST Group Food Industries Holdings Limited
Average Trading Volume: 106,728
Technical Sentiment Signal: Buy
Current Market Cap: S$36.62M
For a thorough assessment of DRX stock, go to TipRanks’ Stock Analysis page.