Capital World Ltd. (SG:1D5) has released an update.
Capital World Limited has announced the successful receipt of an additional RM5 million deposit from MK Mustapha, increasing the total deposit to RM85 million to be utilized for the company’s working capital. In efforts to optimize its structure, the company is also proceeding with the striking off of its wholly-owned subsidiary, Prime Solution Management Pte. Ltd., which is not expected to affect the financial standing of the current fiscal year. Shareholders are cautioned to seek professional advice before acting on their securities.
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