PropNex Ltd. ( (SG:OYY) ) just unveiled an update.
PropNex Realty Pte. Ltd., a subsidiary of PropNex Ltd., has been implicated as a co-defendant in a lawsuit filed in Singapore’s High Court. The claimants allege a breach of duty of care and negligent misrepresentation by one of PropNex Realty’s salespersons, seeking damages amounting to S$849,287. The company intends to vigorously defend the suit and believes that the lawsuit is unlikely to materially affect its financial performance for the year ending December 2025. PropNex Ltd. emphasizes its commitment to good corporate governance by voluntarily disclosing the lawsuit and advising shareholders to remain cautious.
More about PropNex Ltd.
PropNex Ltd. is a real estate company incorporated in Singapore, primarily engaged in realty services through its wholly-owned subsidiary, PropNex Realty Pte. Ltd. The company focuses on providing property transaction services in the Singapore market.
YTD Price Performance: 17.02%
Average Trading Volume: 551,093
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$814M
See more data about OYY stock on TipRanks’ Stock Analysis page.