Yongnam Holdings Limited (SG:AXB) has released an update.
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Yongnam Holdings Limited has announced that its subsidiary YNEC has transferred all obligations of a sub-contract for temporary steel works related to Contract CR108 to Aztec Steel Pte. Ltd. through a novation agreement. This arrangement will take effect from 2 January 2024, with the main contractor and YNEC mutually releasing each other from prior obligations under the contract.
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