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Suga International Holdings Resolves Debt with Property Transfer Agreement

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Suga International Holdings Resolves Debt with Property Transfer Agreement

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The latest announcement is out from Suga International Holdings Limited ( (HK:0912) ).

Suga International Holdings Limited, through its subsidiary Nodic-Matsumoto, has entered into a Debt Settlement Agreement with Guangdong Fuchuan and other parties to address outstanding payments related to a previous equity interest sale. The agreement involves the transfer of properties by Mr. Xu to settle part of the debt, with the remaining amount to be settled by the end of 2025. This transaction, classified as a discloseable transaction under the listing rules, highlights the company’s efforts to manage its financial obligations and maintain compliance with regulatory requirements.

More about Suga International Holdings Limited

YTD Price Performance: -12.40%

Average Trading Volume: 54,348

Technical Sentiment Signal: Buy

Current Market Cap: HK$321.8M

For a thorough assessment of 0912 stock, go to TipRanks’ Stock Analysis page.

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