Yongmao Settles Crane Incident Claims Amicably

Yongmao Holdings Limited (SG:BKX) has released an update.

Yongmao Holdings Limited has reached a conclusive settlement agreement with CMNT Investment Pty Ltd, resolving all claims related to a 2018 industrial incident involving a tower crane sold by Yongmao’s subsidiary. The terms of the settlement are confidential, and the resolution is deemed to be in the best interest of Yongmao, with no significant financial impact expected on the Group’s upcoming fiscal year.

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