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 structural steel works on the Immigration & Checkpoints Authority Building to Aztec Steel Pte. Ltd. through a novation agreement. This change releases Yongnam and the main contractor from their respective responsibilities and liabilities under the original sub-contract, with Aztec Steel assuming all duties and obligations henceforth.
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