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Fu Yu Corporation Limited ( (SG:F13) ) has issued an announcement.
Fu Yu Corporation Limited’s Board of Directors has decided to close investigations into the affairs of its subsidiary, Fu Yu Supply Chain Solutions Pte Ltd, following legal advice from Nine Yards Chambers LLC. The Board concluded that pursuing further action would not benefit the company, as the investigations revealed no significant issues with the acquisition process or misuse of resources that would warrant additional measures.
More about Fu Yu Corporation Limited
Fu Yu Corporation Limited, incorporated in Singapore, operates in the supply chain solutions industry. Its primary focus is on providing comprehensive supply chain management services, with Fu Yu Supply Chain Solutions Pte Ltd being a significant revenue-generating unit within the group.
Average Trading Volume: 563,075
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$74.68M
See more insights into F13 stock on TipRanks’ Stock Analysis page.