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Capital World Ltd. ( (SG:1D5) ) has provided an announcement.
Capital World Limited has announced that there are no new developments in its ongoing legal cases involving multiple purchasers. The company’s subsidiary, Capital City Property Sdn. Bhd., had its bank accounts frozen by the Malaysian Anti-Corruption Commission, but has since applied for the accounts to be unfrozen to resume normal operations. The board is confident that the group’s current cash reserves are sufficient to sustain operations until the end of August 2025, and will keep shareholders informed of any material updates.
More about Capital World Ltd.
Capital World Limited, incorporated in the Cayman Islands, operates in the property development industry through its subsidiary, Capital City Property Sdn. Bhd. The company focuses on real estate projects and is currently navigating legal and operational challenges.
Current Market Cap: S$32.2M
See more insights into 1D5 stock on TipRanks’ Stock Analysis page.