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Capital World Ltd. ( (SG:1D5) ) just unveiled an announcement.
Capital World Limited’s subsidiary, Capital City Property Sdn Bhd, has received a demand letter from a purchaser regarding an incomplete service suite unit in the Capital City development. The purchaser is seeking rescission of the sale agreement and repayment of funds due to alleged breach of contract. The company is consulting legal counsel to determine the next steps and advises shareholders to seek professional advice before taking any actions regarding their securities.
More about Capital World Ltd.
Capital World Limited, incorporated in the Cayman Islands, operates in the real estate industry with a focus on property development. The company’s primary service includes the development of properties, such as the Capital City development project.
Current Market Cap: S$16.1M
For detailed information about 1D5 stock, go to TipRanks’ Stock Analysis page.