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APAC Realty Ltd. ( (SG:CLN) ) has issued an announcement.
APAC Realty Limited has disclosed that its subsidiary ERA Realty Network Pte. Ltd. has been named a co-defendant in a High Court lawsuit in Singapore, where claimants are seeking about S$731,212 in damages over an alleged breach of duty of care and vicarious liability tied to an alleged negligent misrepresentation by one of ERA’s salespersons in a property transaction. The board, which considers the case not to be significant litigation under local listing rules and not expected to materially affect the group’s financial performance for the year ending 31 December 2026, says it will vigorously defend the action and has issued the announcement voluntarily while advising shareholders to monitor further updates and seek professional advice before making decisions regarding their holdings.
The most recent analyst rating on (SG:CLN) stock is a Buy with a S$0.67 price target. To see the full list of analyst forecasts on APAC Realty Ltd. stock, see the SG:CLN Stock Forecast page.
More about APAC Realty Ltd.
APAC Realty Limited, incorporated in Singapore, operates through its wholly owned subsidiary ERA Realty Network Pte. Ltd., a real estate brokerage business focused on property transactions in the Singapore market and the broader Asia-Pacific region.
Average Trading Volume: 261,149
Technical Sentiment Signal: Buy
Current Market Cap: S$260.8M
Learn more about CLN stock on TipRanks’ Stock Analysis page.