Aspial Corporation Limited (SG:A30) has released an update.
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Aspial Corporation Limited has responded to the Securities Investors Association (Singapore) queries, indicating that while global policy interest rate cuts anticipated later in 2024 are beyond their control, such cuts would positively impact the company’s operations across its core business segments. The company has improved its cash flow and reduced debt by selling off assets, including its Australia 108 project units and two development sites. Moreover, Aspial has enhanced its financial health through strategic divestments and key treasury initiatives, resulting in a significant improvement in its debt-to-equity ratio and liquidity position.
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