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GRP Limited’s Subsidiary Secures Partial Release of Frozen Funds

Story Highlights
  • GRP Limited’s subsidiary has fulfilled obligations under Malaysian housing regulations.
  • RM 1.25 million has been unfrozen from Ratus Nautika’s Housing Development Account.
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GRP Limited’s Subsidiary Secures Partial Release of Frozen Funds

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GRP Ltd. ( (SG:BLU) ) just unveiled an announcement.

GRP Limited announced that its subsidiary, Ratus Nautika Sdn Bhd, has met its obligations under Malaysian housing regulations, resulting in the unfreezing of RM 1.25 million from its Housing Development Account. The company will continue to seek approvals for the remaining funds and update shareholders on any significant developments.

More about GRP Ltd.

GRP Limited, incorporated in Singapore, operates in the housing development industry through its subsidiaries, focusing on compliance with local housing regulations.

Average Trading Volume: 23,290

Technical Sentiment Signal: Sell

Current Market Cap: S$8.65M

For detailed information about BLU stock, go to TipRanks’ Stock Analysis page.

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