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Shen Yao Holdings Secures Court Order Against Winding-Up Proceedings

Story Highlights
  • Shen Yao Holdings has secured a court order preventing Tomson from starting winding-up proceedings.
  • The trial date for the Originating Claim is not set, and shareholders will be updated on developments.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shen Yao Holdings Secures Court Order Against Winding-Up Proceedings

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Liongold ( (SG:A78) ) has issued an update.

Shen Yao Holdings Limited, a company registered in Singapore, has announced that the General Division of the High Court has granted an order restraining Tomson from initiating winding-up proceedings against it. This decision is pending the final determination of an Originating Claim regarding a debt. The trial date for this claim has not been set, and the company will keep shareholders informed of any significant developments. Despite the suspension of the company’s share trading, stakeholders are advised to stay informed and seek professional advice if necessary.

More about Liongold

Current Market Cap: S$67.41M

Learn more about A78 stock on TipRanks’ Stock Analysis page.

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