Aspen (Group) Holdings Limited Issues Update on Subsidiaries’ Winding Up Process

Key Highlights from the Company Announcement

• No Material Developments in Subsidiaries’ Liquidation: Aspen (Group) Holdings Limited has confirmed that there have been no significant changes or material developments in the winding up proceedings of its subsidiaries since the last update provided on 29 December 2025.
• Subsidiaries in Liquidation: The affected entities are Aspen Glove Sdn. Bhd. (in liquidation), Kanada-Ya SG Pte. Ltd. (in liquidation), and Kanada-Ya Restaurants Pte. Ltd. (in liquidation).
• Commitment to Transparency: The company has reiterated its commitment to keep shareholders informed of any material changes via SGXNET as soon as such developments arise.
• Leadership Confirmation: The update was formally issued by Dato’ Murly Manokharan, President and Group Chief Executive Officer, reaffirming the leadership’s engagement in the process.

What Investors and Shareholders Need to Know

At this time, there are no new material updates relating to the winding up of Aspen’s subsidiaries. This means that the liquidation process for Aspen Glove Sdn. Bhd., Kanada-Ya SG Pte. Ltd., and Kanada-Ya Restaurants Pte. Ltd. continues as previously announced, with no new developments that would impact the group’s financial position or outlook.

Shareholders should note:

• No new information has been disclosed that would directly impact the group’s valuation or share price at this time.
• The outcome and financial implications of the subsidiaries’ liquidation remain unchanged since the last announcement.
• Any future developments—especially those deemed material—will be communicated promptly by the company through official SGXNET channels, ensuring transparency and keeping the market informed.

Potential Price-Sensitive Implications

Based on this announcement, there are currently no price-sensitive events or new information that would affect Aspen (Group) Holdings Limited’s share value. The update is a status confirmation rather than a disclosure of new risks, opportunities, or changes in the group’s business or financial standing.

Conclusion

Investors are advised to continue monitoring official company communications for any future developments regarding the liquidation process of the group’s subsidiaries. The company’s commitment to timely updates via SGXNET ensures that shareholders will be informed should any material event arise.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult professional advisors before making any financial decisions related to Aspen (Group) Holdings Limited.

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