Yongnam Holdings Limited (SG:AXB) has released an update.
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Yongnam Holdings Limited has announced that its subsidiary, Yongnam Engineering & Construction, has transferred its obligations for constructing a temporary pedestrian bridge to Aztec Steel Pte. Ltd. through a novation agreement. This agreement releases Yongnam and its subsidiary from previous liabilities and obligations related to the sub-contract, with Aztec Steel assuming all responsibilities moving forward.
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