EnGro Corp. Ltd. (Singapore) (SG:S44) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
EnGro Corporation Limited’s subsidiary, Tianjin Ang De Food & Beverage Co., Ltd, has filed for liquidation due to insolvency following three years of economic challenges exacerbated by the COVID-19 pandemic. The company has decided to focus on its core businesses to improve efficiency and mitigate losses. This move is not expected to significantly affect the Group’s consolidated net tangible assets or earnings per share for the financial year ending December 2024.
For further insights into SG:S44 stock, check out TipRanks’ Stock Analysis page.
