GRP Ltd. (SG:BLU) has released an update.
GRP Limited has announced that its 70%-owned subsidiaries involved in an affordable housing project are facing statutory demands for unpaid sums by their contractors. The company’s legal advisers contend that the demands are defective and unjustified, with one claim not yet due and another lacking legal standing. GRP Limited has assured shareholders it will provide updates on this matter of potential legal action.
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