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Liongold ( (SG:A78) ) has shared an update.
Shen Yao Holdings Limited, a company registered in Singapore, is currently navigating legal challenges related to a statutory demand filed by Tomson Pte. Ltd., which could potentially lead to winding-up proceedings. The company has successfully obtained a court order to restrain these proceedings temporarily. In parallel, Shen Yao Holdings is actively seeking new investors and business opportunities to comply with SGX-ST Catalist Rules, while also engaging with its chairman and executive director for potential funding to meet its working capital needs. An application for an extension of time to satisfy new listing requirements was initially submitted but later withdrawn and resubmitted.
More about Liongold
Current Market Cap: S$67.41M
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