Autagco Ltd. Accelerates Strategic Liquidation: Subsidiaries Under MVL, Key Developments Unfold

Key Highlights for Investors

• Autagco Ltd. is progressing its Members’ Voluntary Liquidation (MVL) strategy, impacting major subsidiaries.
• The Green Bar Pte. Ltd. (TGB), a 70%-held subsidiary, has been placed under MVL; its Alexandra Retail Centre outlet will cease operations by 30 September 2025.
• TGB faces a legal demand from its landlord, DBS Trustee Limited, for S\$15,234.33 in outstanding rental and legal costs.
• No directors or substantial shareholders have interests in the MVLs beyond their official capacities or shareholdings.
• No other significant developments impacting financial position have been reported, but monthly updates will continue.

Detailed Analysis of the Liquidation Events

Autagco Ltd. has provided a detailed monthly update on its Members’ Voluntary Liquidation (MVL) activities, with significant steps taken following its strategic review that began in July 2024. The company, together with minority shareholders, resolved on 26 September 2025 to initiate the MVL for The Green Bar Pte. Ltd. (TGB), a 70%-owned subsidiary operating in the food and beverage sector. This move follows the earlier MVL commencement for Superfood Kitchen Pte. Ltd. (SFK), a 75%-owned subsidiary, and is part of a broader restructuring and strategic wind-down of non-core or non-performing businesses within the group.

Impact on Operations

As a direct consequence of the TGB MVL, the popular F&B outlet at Alexandra Retail Centre operated by TGB will cease operations with effect from 30 September 2025. This operational closure is a clear indicator of the group’s strategic pivot away from its F&B business lines, and may signal further consolidation or exits from similar ventures.

Financial and Legal Developments

Investors should take note of a significant legal and financial development: On 19 September 2025, TGB received a formal letter of demand from DBS Trustee Limited, acting as trustee for Mapletree Pan Asia Commercial Trust and landlord of the Alexandra outlet. The demand is for S\$15,234.33 in unpaid rental fees and associated legal costs. This liability could affect the eventual distribution of assets to creditors and shareholders in the liquidation process. The appointed liquidator, Mr. Keith Ng of Reliance 3P Advisory Pte. Ltd., is currently seeking advice on this matter, and further updates may emerge that could have financial implications.

Implications for Shareholders and Potential Share Price Impact

The ongoing liquidation of key subsidiaries and the exit from F&B operations reflect a major strategic shift for Autagco Ltd. Shareholders should closely monitor these developments, as the wind-down of revenue-generating divisions could materially affect the company’s future earnings profile and asset base. The outstanding rental dispute could also influence the net recoverables from the liquidation process.

Importantly, the company has stated that, aside from these disclosed events, there have been no other material changes that would significantly affect its financial position. However, the cumulative effect of these liquidations and the reduction in business operations may weigh on investor sentiment and could be price sensitive, especially if further liabilities or impairments emerge as the MVL progresses.

Governance and Transparency

None of the company’s directors or substantial shareholders have interests in the MVLs apart from their official capacities or shareholdings, underscoring a commitment to governance and transparency during this period of corporate restructuring.

The company has pledged to continue releasing monthly updates and announce any material developments as required under Catalist Rule 704(22), ensuring ongoing transparency for investors.

What’s Next?

Investors are advised to monitor upcoming announcements closely, particularly regarding the outcome of the rental dispute, any changes to the financial effects of the SFK and TGB liquidations, and the company’s evolving business strategy post-F&B exit.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors and consider their own investment objectives before making any decisions. The information is based on the latest company disclosures as of 26 September 2025 and may be subject to change.

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