8VI Holdings Limited announced the commencement of a comprehensive corporate restructuring initiative as part of measures aimed at securing long-term survival and sustainability of the Group. While a series of intervention had been implemented before this current financial year, the Group experienced greater than anticipated headwinds within the first quarter of FY2024, prompting further strategic review of its business model which underscored the urgent need for corporate restructuring to assume a much leaner structure in order to effectively tackle the repercussions of these testing conditions. This initiative reflects the Group’s commitment to mitigating risks while securing long-term advantages for all stakeholders.
The Board and Ma…
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