Mercurius Capital Investment Limited Receives Statutory Demand: What Investors Need to Know

Key Developments

• Receipt of Statutory Demand: Mercurius Capital Investment Limited (the Company) announced that it has received a statutory demand dated 9 March 2026. The letter was issued by JWS Asia Law Corporation, acting on behalf of the appointed private trustees in bankruptcy (PTIBs) for the estate of Dr Chong Cheong Sin.
• Alleged Outstanding Debt: The statutory demand relates to certain loan agreements entered into between Dr Chong and the Company in 2024. It alleges that an aggregate sum of S\$179,696.77 (including principal and accrued interest) is outstanding and payable as of 9 March 2026.
• Potential Winding-Up Proceedings: The PTIBs have stated that unless this sum is paid, secured, or otherwise settled to their reasonable satisfaction within three weeks of the demand’s service, they may commence winding-up proceedings against the Company under the Insolvency, Restructuring and Dissolution Act 2018.

Company’s Response and Current Status

• The Company has clarified that it does not admit the allegations in the statutory demand and is currently reviewing the matter with its legal advisers.
• Mercurius Capital Investment Limited reserves all its rights in relation to the statutory demand and will take appropriate legal steps in response.
• The Board has committed to making further announcements should there be any material developments.

Important Considerations for Shareholders

• Potential Share Price Impact: The threat of winding-up proceedings represents a significant risk to the Company’s operations and its continued listing status. Any actual commencement of such proceedings could have a material and adverse effect on the Company’s share value.
• Legal Uncertainty: The Company’s non-admission of the debt and intention to contest the statutory demand introduces legal uncertainty, which may affect investor sentiment and market confidence.
• Advised Caution: The Board has explicitly advised shareholders to exercise caution when trading in the Company’s shares until there is further clarity on the situation.

Regulatory Note

This announcement has been reviewed by the Company’s sponsor, Novus Corporate Finance Pte. Ltd., but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST). The SGX-ST assumes no responsibility for the contents, accuracy, or opinions presented in this disclosure.

Contact Information

For further queries regarding this matter, shareholders and investors may contact Mr. Pong Chen Yih, Chief Operating Officer at Novus Corporate Finance Pte. Ltd., 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, at (65) 6950 2188.

Conclusion

The statutory demand and the potential for winding-up proceedings are material events for Mercurius Capital Investment Limited. These developments pose significant risks and uncertainties that may affect the Company’s financial position and share price. Investors are strongly advised to monitor further announcements and act with caution.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any securities. Investors should conduct their own due diligence or consult professional advisers before making any investment decisions. The author and publisher accept no liability for any loss arising from reliance on the information provided.

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