TA Corporation Ltd. (SG:PA3) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
TA Corporation Ltd. has announced a settlement agreement involving its subsidiaries, Sino Holdings and Tiong Aik Resources, which is undergoing creditors’ voluntary liquidation. The agreement aims to resolve outstanding debts amounting to over S$5 million through a combination of cash payments and the issuance of mandatory convertible notes. This move is expected to facilitate a smoother financial restructuring and stabilize the company’s financial position.
For further insights into SG:PA3 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue