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The latest update is out from TA Corporation Ltd. ( (SG:PA3) ).
TA Corporation Ltd. has issued mandatory convertible notes worth S$5,000,000 as part of a debt restructuring agreement with Tiong Aik Construction Pte Ltd, which is in liquidation. This issuance is a strategic move to manage its financial obligations and stabilize its operations. The notes are set to be converted into shares upon the resumption of trading on the SGX-ST, subject to shareholder approval and listing application. This development is crucial for the company’s financial restructuring and could impact its market position and stakeholder interests.
More about TA Corporation Ltd.
TA Corporation Ltd. is a company incorporated in the Republic of Singapore, operating in the construction and real estate industry. It focuses on providing construction services and managing real estate projects through its subsidiaries.
Technical Sentiment Signal: Sell
Current Market Cap: S$37.82M
See more insights into PA3 stock on TipRanks’ Stock Analysis page.