SMI Vantage Limited (SG:Y45) has released an update.
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SMI Vantage Limited is grappling with challenging financial conditions, reporting a net current liability of approximately US$937,000. The company has decided to cancel its expansion plans and rely on continued financial support from its controlling shareholder, amid the impact of a delisting notice. Despite these difficulties, the shareholders are committed to not recalling their loans, which total around US$10.6 million.
For further insights into SG:Y45 stock, check out TipRanks’ Stock Analysis page.
