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An update from TA Corporation Ltd. ( (SG:PA3) ) is now available.
TA Corporation Ltd. announced that its subsidiary, Tiong Aik Resources (S) Pte Ltd, was dissolved through a creditors’ voluntary winding up. Additionally, an out-of-court settlement was reached in legal proceedings involving Credence Engineering Pte. Ltd., with remedial works to be carried out by CEPL. The company does not foresee any material impact on its financial position from these developments. Trading of the company’s securities remains suspended since July 2023, and stakeholders are advised to exercise caution.
More about TA Corporation Ltd.
TA Corporation Ltd., incorporated in Singapore, operates in the construction and real estate industry, focusing on property development and engineering services. The company, along with its subsidiaries, provides a range of services including construction, real estate development, and engineering solutions.
Technical Sentiment Signal: Sell
Current Market Cap: S$37.82M
Learn more about PA3 stock on TipRanks’ Stock Analysis page.