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Asiatic Group (Holdings) Ltd. ( (SG:5CR) ) just unveiled an update.
Asiatic Group (Holdings) Limited announced the dismissal of a legal suit with Guan Heng Construction Sdn Bhd regarding a claimed amount of approximately S$1,146,000. Both the claim and counterclaim have been dismissed by the High Court of Ipoh, Malaysia, with each party bearing costs of RM30,000. This dismissal is expected to positively impact the Group’s earnings and net tangible assets per share for the financial year ending March 31, 2025. The company has a 30-day window from January 22, 2025, to appeal the decision, and shareholders are advised to exercise caution in dealings with the company’s securities.
More about Asiatic Group (Holdings) Ltd.
Asiatic Group (Holdings) Limited, incorporated in Singapore, operates in the energy sector through its subsidiaries. Its primary focus is on the development and management of energy solutions, with a market presence in various regions.
Current Market Cap: S$12.02M
Learn more about 5CR stock on TipRanks’ Stock Analysis page.
