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Tiong Seng Holdings Limited ( (SG:BFI) ) has issued an update.
Tiong Seng Holdings Limited has completed a member’s voluntary liquidation of its subsidiary, Tiong Seng (Tianjin) Project Management Co., Ltd., as part of an internal restructuring exercise. This move has led to the transfer of assets and liabilities to Tiong Seng (Tianjin) SilverCare Co., Ltd., which saw its registered capital increase significantly. The restructuring aims to streamline the company’s corporate structure and is not expected to materially impact the company’s financial metrics for the current year.
More about Tiong Seng Holdings Limited
Tiong Seng Holdings Limited is a company based in Singapore, operating in the construction and engineering industry. It focuses on project management and related services, with a market presence in China through its subsidiaries.
Average Trading Volume: 389,738
Technical Sentiment Signal: Buy
Current Market Cap: S$43.8M
Find detailed analytics on BFI stock on TipRanks’ Stock Analysis page.