Mercurius Capital Investment Updates on Grand Bay Hotel Liquidation Status
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Mercurius Capital Investment Limited (SG:5RF) has provided an update on the liquidation status of its joint venture, Grand Bay Hotel Co., Ltd. The liquidation process is delayed due to a shareholder's consideration of a third-party acquisition proposal. The company is exploring alternative exit strategies, including a potential share buyback and capital reduction. Ongoing discussions with legal advisers are in progress, and further updates will be provided as developments occur.
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