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An update from GRP Ltd. ( (SG:BLU) ) is now available.
GRP Limited has announced that the Malaysian Ministry of Housing and Local Government has frozen funds in its housing development accounts for a project in Seri Iskandar, Perak, due to ongoing disputes with EESB. The company does not foresee a significant impact from this directive as it can seek necessary approvals for fund usage. Legal proceedings are underway, with a civil suit hearing scheduled and arbitration formalities completed, as the company consults with legal advisers regarding its rights and remedies.
More about GRP Ltd.
GRP Limited, incorporated in Singapore, operates in the housing development industry with a focus on affordable housing projects.
Average Trading Volume: 6,745
Technical Sentiment Signal: Sell
Current Market Cap: S$10.81M
For an in-depth examination of BLU stock, go to TipRanks’ Stock Analysis page.