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GRP Limited Terminates Main Contractor for Malaysian Housing Project

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GRP Limited Terminates Main Contractor for Malaysian Housing Project

Elevate Your Investing Strategy:

The latest update is out from GRP Ltd. ( (SG:BLU) ).

GRP Limited announced the termination of their main contractor, EESB, for an affordable housing project in Seri Iskandar, Perak due to unrectified defects and defaults. The company is actively seeking a new contractor to complete the project and is consulting legal advisers for subsequent actions, indicating a potential shift in project timelines and possible legal implications.

More about GRP Ltd.

YTD Price Performance: 14.29%

Average Trading Volume: 9,861

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: S$14.42M

See more insights into BLU stock on TipRanks’ Stock Analysis page.

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