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An announcement from Raffles Interior Ltd. ( (HK:1376) ) is now available.
Raffles Interior Limited has initiated legal proceedings against an Original Vendor due to suspected fraud, misrepresentation, and breaches of agreement related to the acquisition of a subsidiary. The company has filed a writ of summons in Hong Kong’s High Court seeking to rescind the acquisition agreement and cancel a convertible note issued to the vendor, among other claims. This move highlights the company’s proactive approach in addressing potential legal and financial risks, aiming to protect its interests and maintain trust among stakeholders.
More about Raffles Interior Ltd.
YTD Price Performance: -45.93%
Average Trading Volume: 711,600
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$87M
See more insights into 1376 stock on TipRanks’ Stock Analysis page.
