Shen Yao Holdings Awaits High Court Decision on Legal Proceedings

Tip Ranks
2025.04.17 09:42
portai
I'm PortAI, I can summarize articles.

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.