Sunrise Shares Holdings Ltd (SG:581) has released an update.
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Sunrise Shares Holdings Ltd has successfully negotiated an out-of-court settlement with Bird & Bird ATMD LLP regarding previous claims, resulting in the discontinuance of legal action against the company. The settlement involves a repayment plan where the company will pay the full sum owed in instalments. As a result, legal proceedings initiated by Bird & Bird ATMD LLP have been formally withdrawn, with no further costs being imposed on Sunrise Shares Holdings.
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