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An update from TA Corporation Ltd. ( (SG:PA3) ) is now available.
TA Corporation Ltd. has successfully implemented its TAC Debt Restructuring Agreement through a Deed of Assignment of Proceeds involving its subsidiary TACC and Tiong Aik Construction Pte Ltd. This agreement assigns receivables from certain units in ‘The Gateway’ development to TAC, valued at S$7 million, and marks a significant step towards completing the company’s Restructuring Plan. The company aims to resume trading its securities on the SGX-ST, which had been suspended since July 2023, and advises stakeholders to stay informed and exercise caution.
More about TA Corporation Ltd.
TA Corporation Ltd. is a company incorporated in the Republic of Singapore, operating in the construction and real estate industry. Its primary services include construction and property development, with a market focus on mixed developments such as ‘The Gateway’ in Phnom Penh, Cambodia.
Technical Sentiment Signal: Sell
Current Market Cap: S$37.82M
Learn more about PA3 stock on TipRanks’ Stock Analysis page.