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Capital World Ltd. ( (SG:1D5) ) just unveiled an announcement.
Capital World Limited, along with its subsidiaries, is addressing multiple legal claims involving its subsidiary CCP. In a significant legal development, CCP’s appeal against a High Court verdict was successful, absolving it of a RM10 million liability to 99 plaintiffs, providing a positive outcome for the company. Meanwhile, CCP is also dealing with claims from Anna Ling and 124 other purchasers amounting to over RM30 million, with case management scheduled for March 2025, and a separate claim from Saravaneshwari for RM75,353, with proceedings set for February 2025. These legal proceedings are critical for the company’s financial standing and stakeholder interests.
More about Capital World Ltd.
Current Market Cap: S$16.1M
See more insights into 1D5 stock on TipRanks’ Stock Analysis page.
