Yongnam Holdings Limited (SG:AXB) has released an update.
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Yongnam Holdings Limited’s subsidiary, Yongnam Engineering & Construction, has been released from a sub-contract concerning a 20-storey elective care centre in Singapore through a novation agreement with Aztec Steel Pte. Ltd. This agreement transfers all responsibilities, including past and future liabilities related to the project, from Yongnam to the Replacement Sub-Contractor, Aztec Steel. The company will make further disclosures if there are significant developments regarding the compliance with the listing manual of the Singapore Exchange Securities Trading Limited.
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