KTL Global Unable to Proceed with Voluntary Liquidation

MT Newswires09-23

KTL Global (SGX:EB7) revealed that the company is experiencing severe financial distress, which has impacted its ability to file for voluntary liquidation, according to a filing with the Singapore Exchange on Friday.

The company's controlling shareholder has also expressed no interest or intention to make an exit offer.

The company currently has SG$650 in cash and bank balances as of June 30.

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