Ellipsiz Ltd Faces Delays in Egg Farm Project

Ellipsiz Ltd (SG:BIX) has released an update.

Ellipsiz Ltd has announced delays in the development of its commercial egg farm, initially slated to commence operations in 2024, due to the impact of the COVID-19 pandemic, supply chain issues, and the need for enhanced biosecurity measures. These challenges have significantly increased the project’s costs and necessitated discussions with authorities for additional funding and land to accommodate these changes. The company is now re-evaluating the project’s viability and will update shareholders as the situation develops.

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