Besra Gold Refers To: Quantum Metal Sdn Bhd
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Besra Gold Inc. clarifies that the winding-up petition against Quantum Metal Sdn Bhd in Malaysia does not affect its operations or its largest CDI holder, Quantum Metal Recovery Inc.
November 11, 2024 | 3:00 pm
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Quantum Metal Exchange Inc, the parent company of Quantum Metal Sdn Bhd, is not directly affected by the winding-up petition against its Malaysian subsidiary.
The news clarifies that the legal issues pertain only to the Malaysian subsidiary, not the US-incorporated parent company, Quantum Metal Exchange Inc. This suggests no immediate impact on the parent company's operations or financials.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50