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Fu Yu Corporation Limited ( (SG:F13) ) has provided an update.
Fu Yu Corporation Limited has announced updates regarding ongoing investigations into its subsidiary, Fu Yu Supply Chain Solutions Pte Ltd. The company is pursuing legal claims against several individuals for alleged breaches of duty, misrepresentation, and conspiracy related to the acquisition of Avantgarde Enterprise Pte Ltd, misuse of resources, and a pre-paid commission payment. The investigations are still in progress, and the company reserves the right to amend its claims. Despite these issues, Fu Yu Corporation assures shareholders and investors that business operations will continue as usual.
More about Fu Yu Corporation Limited
Fu Yu Corporation Limited is a company incorporated in Singapore, operating with its subsidiaries as a group. It focuses on supply chain solutions, having acquired Avantgarde Enterprise Pte Ltd, now known as Fu Yu Supply Chain Solutions Pte Ltd.
YTD Price Performance: -26.15%
Average Trading Volume: 439,544
Technical Sentiment Signal: Buy
Current Market Cap: S$73.15M
For an in-depth examination of F13 stock, go to TipRanks’ Stock Analysis page.
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