ASLAN Pharmaceuticals Announced That Its Sole Operating Subsidiary Has Filed For Voluntary Liquidation And All Employees At ASLAN SG And Fellow Subsidiary ASLAN Pharmaceuticals Have Been Terminated Effective Immediately
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ASLAN Pharmaceuticals announced that its sole operating subsidiary has filed for voluntary liquidation, resulting in the immediate termination of all employees at ASLAN SG and fellow subsidiary ASLAN Pharmaceuticals.
July 17, 2024 | 11:28 am
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ASLAN Pharmaceuticals' sole operating subsidiary has filed for voluntary liquidation, leading to the immediate termination of all employees at ASLAN SG and ASLAN Pharmaceuticals.
The voluntary liquidation of ASLAN Pharmaceuticals' sole operating subsidiary and the termination of all employees indicate severe financial distress. This is likely to have a significant negative impact on the stock price in the short term.
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