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GRP Ltd. ( (SG:BLU) ) has provided an update.
GRP Limited has disclosed that its indirect wholly owned subsidiary, Tangshan GRP Trading Co. Ltd, has yet to fully recover a non-current advance payment from a PRC authority, with an outstanding balance of RMB14.0 million (about S$2.6 million) still unpaid as at 31 December 2025. The company has engaged a consultant who continues to liaise with the Chinese authority over the remaining sum, and GRP has indicated it will provide further updates, underscoring ongoing recovery risk and potential implications for the group’s cash flows and exposure to regulatory delays in China.
More about GRP Ltd.
GRP Limited is a Singapore-incorporated investment holding company with operations conducted through its subsidiaries, including Tangshan GRP Trading Co. Ltd in China. The group’s activities include trading-related businesses, and it maintains exposure to regulatory and financial processes involving PRC authorities through its Chinese subsidiary.
Average Trading Volume: 39,842
Technical Sentiment Signal: Sell
Current Market Cap: S$8.65M
For an in-depth examination of BLU stock, go to TipRanks’ Overview page.