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China Aviation Oil (Singapore) ( (SG:G92) ) just unveiled an announcement.
China Aviation Oil (Singapore) Corporation Ltd announced that the Court of Appeal of the Republic of Singapore has upheld a previous High Court decision, dismissing an appeal by Banque De Commerce Et De Placements SA (BCP) against the company. The appeal concerned allegations of deceit related to the company’s letter of indemnity, but the court ruled in favor of China Aviation Oil, awarding them costs of S$100,000. This judgment is final and not subject to further appeal, reinforcing the company’s legal standing and potentially strengthening its market position.
The most recent analyst rating on (SG:G92) stock is a Buy with a S$0.90 price target. To see the full list of analyst forecasts on China Aviation Oil (Singapore) stock, see the SG:G92 Stock Forecast page.
More about China Aviation Oil (Singapore)
China Aviation Oil (Singapore) Corporation Ltd is a company incorporated in Singapore, focusing on the aviation industry. It deals primarily with the trading and supply of jet fuel and other related services, catering to the needs of airlines and other aviation-related businesses.
YTD Price Performance: 5.71%
Average Trading Volume: 432,316
Technical Sentiment Signal: Buy
Current Market Cap: S$795.7M
Learn more about G92 stock on TipRanks’ Stock Analysis page.