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AsiaPhos Limited ( (SG:5WV) ) has shared an announcement.
AsiaPhos Limited announced an update regarding a legal claim by Huili Jiahong Chemical Co., Ltd. The Deyang Intermediate People’s Court ruled that Sichuan Mianzhu Norwest Phosphate Chemical Co., Ltd., a former subsidiary, must compensate Huili Jiahong with RMB 3 million. The court released RMB 3.9 million to SMNPC, which will be deposited into the Group’s bank account. This ruling does not materially impact AsiaPhos’s financial position as the impairment loss was already recognized in FY2024.
More about AsiaPhos Limited
AsiaPhos Limited is a company operating in the chemical industry, primarily involved in the production and sale of phosphate-based products. The company focuses on the Asian market and has subsidiaries that contribute to its operations.
Technical Sentiment Signal: Buy
Current Market Cap: S$4.44M
For a thorough assessment of 5WV stock, go to TipRanks’ Stock Analysis page.