AsiaPhos Limited ( (SG:5WV) ) has issued an announcement.
AsiaPhos Limited has announced that the Mianzhu Municipal People’s Court has decided to keep RMB 7 million of Sichuan Mianzhu Norwest Phosphate Chemical Co., Ltd.’s funds frozen until March 2026. This decision follows the company’s previous disposal of certain subsidiaries, impacting the group’s financial operations. Shareholders and investors are advised to exercise caution when dealing with the company’s securities due to the ongoing legal proceedings.
More about AsiaPhos Limited
AsiaPhos Limited operates in the chemical industry, focusing on phosphate-related products and services. The company has been involved in various transactions and legal matters concerning its subsidiaries.
Technical Sentiment Signal: Buy
Current Market Cap: S$5.92M
Learn more about 5WV stock on TipRanks’ Stock Analysis page.