Yongnam Holdings Limited (SG:AXB) has released an update.
Yongnam Holdings Limited has announced the sale of 22,667 metric tons of steel struts by its subsidiary, Yongnam Engineering & Construction, to U E Metal Enterprises Pte. Ltd. The deal, which is structured with payment in tranches, has been approved by secured lenders and will be conducted on an ‘as-is-where-is’ basis. Further updates will be provided by the company in compliance with the Singapore Exchange’s listing requirements.
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