Aspen (Group) Holdings Limited Provides Update on Subsidiary Liquidation Status

Key Developments for Investors and Shareholders

Aspen (Group) Holdings Limited (“Aspen” or “the Company”) has issued a formal update to shareholders regarding the ongoing liquidation of several of its subsidiaries. The announcement, dated 29 December 2025 and signed by President and Group CEO Dato’ Murly Manokharan, confirms that there have been no material developments since the Company’s last announcement on 28 November 2025.

Key Points from the Report

• Subsidiaries in Liquidation: The subsidiaries affected are Aspen Glove Sdn. Bhd. (in liquidation), Kanada-Ya SG Pte. Ltd. (in liquidation), and Kanada-Ya Restaurants Pte. Ltd. (in liquidation).
• No New Developments: Since the last official update in late November 2025, no significant progress or changes have occurred in the liquidation processes of these subsidiaries.
• Ongoing Communication: The Company has committed to keeping shareholders informed via SGXNET if and when any material developments arise.

Shareholder Considerations and Price Sensitivity

• The announcement itself confirms a status quo—there has been no change in the situation regarding the winding up of the aforementioned subsidiaries.
• Potential Price Sensitivity: While the lack of new developments may not immediately affect Aspen’s share price, investors should remain vigilant. Any future significant changes in the liquidation process—such as asset sales, creditor settlements, or impact on group financials—could have material implications for the Company’s share value.
• Ongoing Risk: The existence of subsidiaries undergoing liquidation underlines ongoing risks related to Aspen’s business operations and financial health. Shareholders should monitor SGXNET for further updates, as any forthcoming announcements could be price sensitive.

Conclusion

At this juncture, there is no new material information regarding the liquidation of Aspen’s subsidiaries. However, the situation remains fluid, and shareholders are advised to stay alert to any future announcements from the Company, which could impact share valuations.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence or consult financial advisors before making investment decisions.

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