Bacui Technologies Completes Liquidation of Tom N Toms International Unit
MT Newswires
Jul 20
Bacui Technologies International (SGX:YYB), an investment holding company, has received confirmation that the compulsory winding up of its wholly owned subsidiary Tom N Toms International has been completed, as ordered by the High Court of Singapore, according to a Friday filing with the Singapore bourse.
The application for the winding up was filed by the company in 2023.
The liquidation is not expected to have any material impact on the consolidated earnings per share or net tangible assets of the group for the current financial year ending Dec. 31, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.