Imperium Crown Limited (SG:5HT) has released an update.
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Imperium Crown Limited is actively exploring strategic options, including attracting investors and potentially selling its Fei County Wonder Stone business, to address its uncertain financial future and avoid winding up. The company is seeking a new sponsor by July 31, 2024, to maintain its listing and is considering a reverse takeover or transferring its listing status as ways to provide value to shareholders and creditors. Imperium Crown Limited will update stakeholders as significant developments occur in their discussions with potential businesses and sponsors.
For further insights into SG:5HT stock, check out TipRanks’ Stock Analysis page.
