AsiaPhos Limited (SG:5WV) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
AsiaPhos Limited has announced that its subsidiary, Sichuan Mianzhu Norwest Phosphate Chemical Co., Ltd., is facing a legal claim of RMB 7.7 million from Huili County Jiahong Chemical Co., Ltd., related to cleanup work from the Wenchuan Earthquake. The claim has resulted in a bank account freeze and could have a significant adverse financial impact on the Group’s earnings. Shareholders are urged to exercise caution when dealing with the company’s securities.
For further insights into SG:5WV stock, check out TipRanks’ Stock Analysis page.