Liongold ( (SG:A78) ) just unveiled an update.
Shen Yao Holdings Limited has received a statutory demand from Tomson Pte. Ltd. regarding an alleged debt of SGD 36,662,945. This demand follows a Deed of Assignment where Golden Point Group Pty Ltd assigned its claims against Shen Yao Holdings to Tomson. The implications of this demand could affect the company’s financial obligations and its relations with creditors.
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Current Market Cap: S$67.41M
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