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GRP Ltd. ( (SG:BLU) ) has provided an update.
GRP Limited, a company incorporated in Singapore, is currently engaged in a legal dispute with EESB regarding claims related to an affordable housing project. The claims, amounting to approximately RM10,388,000, involve unpaid certified sums, retention sums, performance bond deposits, and unpaid work for Phases 1 to 3 of the project. The adjudication proceedings will run concurrently with arbitration proceedings, and GRP Limited is seeking legal advice to determine the best strategy for resolving the dispute. The company has committed to keeping its shareholders updated on any significant developments.
More about GRP Ltd.
Average Trading Volume: 8,765
Technical Sentiment Signal: Hold
Current Market Cap: S$12.61M
Learn more about BLU stock on TipRanks’ Stock Analysis page.