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ST Group Food Industries Holdings Limited ( (SG:DRX) ) has issued an update.
ST Group Food Industries Holdings Limited has provided its latest monthly update on the creditors’ voluntary winding up of its UK indirect subsidiary GCTea Outlets 2B Ltd, part of a wider group restructuring that also involves other UK and Australian entities. The company said there have been no material developments since its December update, indicating that the liquidation process for GCTea Outlets 2B Ltd is continuing without significant new events, and stakeholders should not expect near‑term changes arising from this specific subsidiary’s wind‑up at this stage.
More about ST Group Food Industries Holdings Limited
ST Group Food Industries Holdings Limited is a food and beverage group that operates through various subsidiaries in overseas markets, including the United Kingdom and Australia. Its business involves managing branded outlets and related foodservice operations through these indirect subsidiaries.
Average Trading Volume: 5,357
Technical Sentiment Signal: Hold
Current Market Cap: S$35.35M
See more insights into DRX stock on TipRanks’ Stock Analysis page.