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The latest update is out from ST Group Food Industries Holdings Limited ( (SG:DRX) ).
ST Group Food Industries Holdings Limited has provided its latest monthly update on the ongoing creditors’ voluntary winding-up processes of certain overseas subsidiaries, in line with Catalist Rule 704(22). The company reported that there have been no material developments since its November update regarding the liquidations of UK-based subsidiaries GCTea Outlets 2B Ltd and GCTea Outlets 2A Ltd, indicating that the wind-up proceedings in these entities remain in a steady state with no new operational or financial implications disclosed for the wider group or its stakeholders at this time.
More about ST Group Food Industries Holdings Limited
ST Group Food Industries Holdings Limited is a food and beverage operator whose business is conducted through various subsidiaries, including indirect units in the United Kingdom and Australia. The group’s structure includes entities such as GCTea Outlets 2A Ltd, GCTea Outlets 2B Ltd, GCTea Ltd in the UK, and PPR Ryde (NSW) Pty Ltd in Australia, reflecting an international footprint in its F&B operations.
Average Trading Volume: 9,978
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$37.37M
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