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GRP Ltd. Reports Contractor Change and Anticipated Losses in Malaysian Housing Project

Story Highlights

GRP Ltd. ( (SG:BLU) ) has shared an announcement.

GRP Ltd. has appointed RSK Global Visions (M) Sdn Bhd as the new main contractor for its affordable housing project in Seri Iskandar, Perak, replacing EESB. The project, valued at approximately RM92.83 million, has faced delays leading to higher costs and anticipated significant net losses for the third quarter of 2025. Shareholders are advised to exercise caution as the company finalizes its financial results.

More about GRP Ltd.

GRP Ltd. is a company incorporated in Singapore, focusing on affordable housing projects, with a market presence in Malaysia.

YTD Price Performance: -35.71%

Average Trading Volume: 5,314

Technical Sentiment Signal: Buy

Current Market Cap: S$8.11M

See more data about BLU stock on TipRanks’ Stock Analysis page.

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