Rich Capital Holdings Limited (SG:5G4) has released an update.
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Rich Capital Holdings Limited has faced a setback after an appeal filed by its indirect subsidiary, OBPL, was rejected by the Jakarta High Court, upholding the dismissal of its claim in a West Jakarta court case. Additionally, the dissolution of another subsidiary, PT Oxley Karya Indo Batam, has been confirmed by the Supreme Court of Indonesia, denying the company’s cassation application.
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