Shen Yao Holdings Awaits High Court Decision on Legal Proceedings
Shen Yao Holdings Limited is awaiting a High Court decision on two significant legal cases, OA 288 and SUM 749, which will impact its future actions. A written undertaking by Tomson prevents any winding-up proceedings until the decision on SUM 749 is made. The company has suspended trading of its shares and will provide further updates. Shareholders are advised to seek professional advice during this period.
Liongold ( (SG:A78) ) has provided an announcement.
Shen Yao Holdings Limited, a company registered in Singapore, has announced updates regarding its ongoing legal proceedings. The High Court has reserved its decision on two cases, OA 288 and SUM 749, which are crucial for the company’s future actions. A written undertaking by Tomson prevents any winding-up proceedings against the company until a decision is made in SUM 749. The company has assured stakeholders that further announcements will be made regarding these developments. Trading of the company’s shares remains suspended, and shareholders are advised to seek professional advice if needed.
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