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TA Corporation Extends Debt Restructuring Deadline Amid Legal Consultations

Story Highlights
  • TA Corporation Ltd. extends the deadline for its debt restructuring agreement.
  • The extension allows time for legal advice and finalizing the deed of Assignment of Proceeds.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TA Corporation Extends Debt Restructuring Deadline Amid Legal Consultations

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TA Corporation Ltd. ( (SG:PA3) ) has shared an announcement.

TA Corporation Ltd. has announced an extension of time to comply with obligations under the Tiong Aik Construction Pte Ltd debt restructuring agreement. The extension is needed for the liquidators to seek legal advice and finalize the deed of Assignment of Proceeds, with further announcements to be made as necessary. The company’s securities trading remains suspended, and stakeholders are advised to exercise caution.

More about TA Corporation Ltd.

TA Corporation Ltd. is a company incorporated in the Republic of Singapore, operating with its subsidiaries in various sectors. The company is involved in construction and real estate development, focusing on delivering comprehensive solutions in these industries.

Technical Sentiment Signal: Sell

Current Market Cap: S$37.82M

For detailed information about PA3 stock, go to TipRanks’ Stock Analysis page.

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