GRP Ltd. (SG:BLU) has released an update.
GRP Limited has announced its subsidiary, Tangshan GRP, received the third partial refund of RMB2 million from the PRC Authority, contributing to a total recovery of RMB9.9 million so far. The refunds are part of a series totaling RMB25.44 million, to be fully repaid by December 2024. The company had previously impaired the full amount of RMB25.7 million but will reverse these impairments with each installment received.
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