Yongnam Holdings Limited (SG:AXB) has released an update.
Yongnam Holdings Limited, currently under judicial management, is actively engaging with stakeholders and authorities to negotiate terms and realize security interests to reduce bank debt. The company has received approval from the SGX-ST for an extension until October 10, 2024, to announce its financial statements for the fiscal year ended 2023. No further updates on the company’s financial negotiations or future direction have been provided at this time.
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