Yongnam Holdings Limited (SG:AXB) has released an update.
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Yongnam Holdings Limited is set to conclude its judicial management phase, having filed applications with the Singapore High Court for winding up and discharge from judicial management. If successful, this will lead to the company and its subsidiary, Yongnam Engineering & Construction, being wound up and the appointment of liquidators from KPMG. The hearing for the applications is scheduled with Justice Vinodh Coomaraswamy on August 23, 2024.
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