An announcement from Capital World Ltd. ( (SG:1D5) ) is now available.
Capital World Limited has provided an interim update regarding ongoing legal cases involving its subsidiary, CCP. In a significant development, the Court of Appeal has overturned a previous High Court ruling, absolving CCP of liability in a RM10 million claim filed by 99 plaintiffs. However, the plaintiffs have appealed to the Federal Court, with proceedings set to continue. Additionally, CCP faces another legal challenge from Saravaneshwari A/P Subramaniam, who has filed a claim for RM75,353, with the next case management scheduled for March 2025. These legal proceedings could impact the company’s financial standing and stakeholder confidence.
More about Capital World Ltd.
Capital World Limited, incorporated in the Cayman Islands, operates in the real estate development industry through its subsidiary CCP. The company focuses on property development and management, serving as a key player in its market.
Current Market Cap: S$32.2M
For a thorough assessment of 1D5 stock, go to TipRanks’ Stock Analysis page.