Sen Yue Holdings Ltd. (SG:5BS) has released an update.
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Sen Yue Holdings Limited has informed shareholders that the legal claims filed by Mr. Koh Mia Seng, a former director and substantial shareholder, against the company and its subsidiary SMC Industrial Pte Ltd, have been fully withdrawn. The notice of discontinuance was received by the company on 3 June 2024, marking an end to the lawsuit mentioned in their previous announcements. This latest development could impact the company’s stock as it moves past these legal challenges.
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