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Wee Hur Places Dormant Associated Company Fernvale Green Into Voluntary Liquidation

Story Highlights
  • Wee Hur has initiated a members’ voluntary liquidation of its dormant associated company Fernvale Green.
  • The liquidation is not expected to materially affect Wee Hur’s assets, earnings or key shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wee Hur Places Dormant Associated Company Fernvale Green Into Voluntary Liquidation

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The latest announcement is out from Wee Hur Holdings Ltd. ( (SG:E3B) ).

Wee Hur Holdings Ltd. has placed its dormant associated company, Fernvale Green Pte. Ltd., into members’ voluntary liquidation under Singapore’s Insolvency, Restructuring and Dissolution Act 2018, via its wholly owned subsidiary Wee Hur Property Pte. Ltd. The company stated that the winding up of this non-operating entity is not expected to have any material impact on the Group’s net tangible assets or earnings per share for the financial year ending 31 December 2025, and that none of its directors or controlling shareholders has any interest in the liquidation beyond their shareholdings in Wee Hur.

The most recent analyst rating on (SG:E3B) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Wee Hur Holdings Ltd. stock, see the SG:E3B Stock Forecast page.

More about Wee Hur Holdings Ltd.

Wee Hur Holdings Ltd. is a Singapore-incorporated investment holding company with subsidiaries engaged in property-related businesses, including property development and investment. Through its various units, the Group focuses on real estate projects and associated entities in the local market.

Average Trading Volume: 3,524,003

Technical Sentiment Signal: Buy

Current Market Cap: S$689.4M

For detailed information about E3B stock, go to TipRanks’ Stock Analysis page.

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