OIO Holdings Ltd. (SG:KUX) has released an update.
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OIO Holdings Limited has successfully defended against a legal claim by its former Executive Chairman, Mr. Fan Chee Seng, with the State Courts of Singapore striking out Mr. Fan’s demand for wrongful termination compensation and ordering him to pay the company costs. Mr. Fan has the option to appeal within 14 days, and the company will make further announcements if there are material developments, in line with SGX-ST Catalist Rules.
For further insights into SG:KUX stock, check out TipRanks’ Stock Analysis page.
