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Fu Yu Corporation Limited ( (SG:F13) ) just unveiled an update.
Fu Yu Corporation Limited has entered into settlement agreements with several individuals linked to its subsidiary Fu Yu Supply Chain Solutions Pte Ltd, bringing ongoing investigations into the subsidiary’s affairs to a close. Acting on legal advice, the Board determined that a full and final settlement of all potential claims and disputes with the named parties was the most prudent course to conclude the matter and avert future conflicts, and it emphasized that these settlements are not expected to have any material impact on the Group’s net tangible assets or earnings per share for the financial year ending 31 December 2026, though the update was disclosed in the interest of transparency to shareholders.
More about Fu Yu Corporation Limited
Fu Yu Corporation Limited is a Singapore-incorporated company that operates through a group structure, including its subsidiary Fu Yu Supply Chain Solutions Pte Ltd, providing supply chain-related solutions and services. The Group focuses on serving corporate customers through its subsidiaries in the region, with governance and compliance overseen by its Board of Directors.
Average Trading Volume: 1,305,058
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$73.15M
See more data about F13 stock on TipRanks’ Stock Analysis page.