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TA Corporation Ltd. ( (SG:PA3) ) has issued an update.
TA Corporation Ltd. has issued mandatory convertible notes worth S$330,000 as part of a settlement agreement with Tiong Aik Resources (S) Pte Ltd, which is in creditors’ voluntary liquidation. This issuance marks a significant step in resolving financial obligations, with the notes set to convert into shares upon meeting certain conditions, including shareholder approval and listing on the SGX-ST Mainboard, potentially impacting the company’s financial structure and market positioning.
More about TA Corporation Ltd.
TA Corporation Ltd., incorporated in Singapore, operates in the construction and real estate industry. The company, along with its subsidiaries, focuses on providing construction services and developing residential and commercial properties.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$37.82M
See more data about PA3 stock on TipRanks’ Stock Analysis page.