Capital World Ltd. (SG:1D5) has released an update.
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Capital World Ltd.’s subsidiary, Capital City Property Sdn Bhd, received a demand letter from Tenaga Nasional Berhad for an unpaid electricity bill of RM5,404,107, with legal actions threatened if not settled within 14 days. Despite adhering to an earlier agreed installment plan, the subsidiary is in talks to renegotiate the repayment terms. Shareholders have been cautioned to consult professional advisors before making any decisions regarding their securities.
For further insights into SG:1D5 stock, check out TipRanks’ Stock Analysis page.
