Rich Capital Strikes Off Dormant Subsidiary; Shares Sink 20%

MT Newswires

11/20

Rich Capital (SGX:1U8) struck off its dormant subsidiary, Summit Light Ventures, from the BVI Register of Companies, effective Nov. 3, according to a Wednesday filing with the Singapore Exchange.

Shares of the company plunged over 20% in Thursday trading.

The striking off is not expected to impact the company's earnings per share for the year ending March 31, 2026.

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