Oxley Liquidates Malaysian JV

MT Newswires

01/21

Oxley (SGX:5UX) has liquidated its 50% joint venture company in Malaysia, Posh Properties, as it ceased business activities, according to a filing with the Singapore Exchange on Tuesday.

The liquidation will not have any material impact on the company's earnings for the fiscal year ending June 30, the filing stated.

Shares of the company were down over 1% in afternoon trade on Wednesday.

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