Liongold ( (SG:A78) ) just unveiled an announcement.
Shen Yao Holdings Limited, a company registered in Singapore, is currently involved in legal proceedings to prevent winding-up actions initiated by Tomson. The company has filed applications in the High Court seeking injunctions to halt these proceedings until ongoing claims are resolved. The High Court has directed Tomson to provide a written undertaking not to commence winding-up proceedings before a specified date, with a hearing scheduled for April 16, 2025. The company will continue to update its shareholders on any significant developments.
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Current Market Cap: S$67.41M
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