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GRP Limited Initiates Arbitration Request in Malaysia

Story Highlights
  • GRP Limited seeks arbitration following the termination of its Malaysian subsidiary’s contract.
  • The company is consulting legal advisers and will update shareholders on developments.
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GRP Limited Initiates Arbitration Request in Malaysia

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The latest update is out from GRP Ltd. ( (SG:BLU) ).

GRP Limited, incorporated in Singapore, has issued a request for arbitration after the termination of its Malaysian subsidiary, EESB, as the main contractor in a contract with Ratus Nautika. The company is working with legal advisers to determine the next steps and will inform shareholders about any significant developments.

More about GRP Ltd.

YTD Price Performance: 10.0%

Average Trading Volume: 8,880

Technical Sentiment Consensus Rating: Sell

Current Market Cap: S$12.07M

Learn more about BLU stock on TipRanks’ Stock Analysis page.

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