Annica Holdings Limited (SG:5AL) has released an update.
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Annica Holdings Limited has announced the successful finalization of a debt settlement with Chong Shin Mun and GPE Power Systems, where ten sets of production lines have been transferred to Annica as payment for an outstanding sum of S$4,781,359. This transfer effectively releases all parties from further claims related to the debt, making Annica the new owner of the production assets.
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