Autagco Ltd. Issues December 2025 Update on Subsidiary Liquidations

Key Developments in the Voluntary Liquidation of Superfood Kitchen Pte. Ltd. and The Green Bar Pte. Ltd.

Autagco Ltd. (“the Company”, SGX: [insert ticker]) has released its latest monthly update concerning the ongoing voluntary liquidation of two of its subsidiaries: Superfood Kitchen Pte. Ltd. (SFK) and The Green Bar Pte. Ltd. (TGB). This update forms part of the company’s regular disclosures in accordance with Catalist Rule 704(22).

Highlights for Investors

• No material developments have been reported for SFK since the previous monthly announcements. The voluntary liquidation process for SFK continues with no new updates.
• Major development for TGB: At shareholders’ and creditors’ meetings held on 19 December 2025, Mr. Keith Ng Hoe Kiat (Reliance 3P Advisory Pte. Ltd.) was officially appointed as the liquidator of TGB.
• Effective 19 December 2025, all powers of TGB’s directors have ceased and are now vested in the appointed liquidator.
• The responsibilities of the liquidator include reviewing the affairs and assets of TGB, realising its assets in the most advantageous manner, adjudicating creditors’ claims, and distributing dividends if funds are available.
• Loss of Control and Deconsolidation: With the appointment of the liquidator, Autagco Ltd. has lost control of TGB. TGB, previously an indirect 70%-owned subsidiary, will be deconsolidated from the Group’s financial statements effective 19 December 2025. This is in accordance with Singapore Financial Reporting Standards (International) 10 Consolidated Financial Statements, paragraph 25.
• The company will continue to provide monthly updates and further announcements as and when there are material developments.

Potentially Price-Sensitive Implications for Shareholders

• Deconsolidation of TGB: The immediate deconsolidation of TGB from the Group’s financial statements may have a direct impact on the Group’s future reported financials. Investors should closely monitor upcoming disclosures for any impact on earnings, assets, and liabilities.
• Loss of a 70%-owned subsidiary: TGB’s removal from the Group structure could affect Autagco Ltd.’s revenue streams and financial position, depending on the materiality of TGB’s operations to the Group. This may influence investor sentiment and could be a price-moving event.
• Ongoing Liquidation Process: The realisation of TGB’s assets, the adjudication of creditors’ claims, and the possible distribution of dividends will depend on the liquidator’s review and the amount of recoverable assets. Shareholders should be aware that recoveries, if any, will be determined after creditor claims are satisfied.
• Regulatory Compliance: The update also confirms Autagco Ltd.’s continued adherence to Singapore Exchange (Catalist) rules, which should assure investors of the company’s transparency and governance standards.

Contact and Sponsorship Information

The announcement has been reviewed by the Company’s sponsor, SAC Capital Private Limited. However, the Singapore Exchange Securities Trading Limited (SGX-ST) has not examined or approved the contents of the announcement. For further queries, investors may contact Ms. Lim Qi Fang at SAC Capital.

Outlook and Next Steps

• Autagco Ltd. will continue to provide monthly updates and will promptly announce any material developments regarding the liquidation of SFK and TGB.
• Investors are advised to monitor upcoming financial statements for the effects of deconsolidation and any further disclosures regarding asset realisation and creditor settlements.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research or seek professional advice when making investment decisions. The information herein is based on the company’s official announcements and may be subject to further updates or clarifications.

View Autagco Historical chart here