Emerging Towns & Cities Singapore: Strategic Restructuring

Emerging Towns & Cities Singapore Ltd (SG:1C0) has released an update.

Emerging Towns & Cities Singapore Ltd has been actively reshaping its board, disposing assets, and raising capital through a proposed subscription of convertible bonds totaling S$4,500,000. With these strategic moves, including the extension of a sale agreement’s long-stop date and the reconstitution of board committees, the company is working towards a trading resumption proposal. These efforts indicate a significant restructuring and potential growth opportunities for stakeholders.

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