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GRP Ltd. ( (SG:BLU) ) has issued an announcement.
GRP Ltd. has received an adjudication decision regarding a dispute with EESB over an affordable housing project. The company is required to pay approximately RM3,066,873 to EESB, along with interest and costs, while EESB’s counterclaims were dismissed. This financial obligation has already been accounted for in GRP’s FY2025 financial statements, so it will not impact the company’s profit or loss. GRP plans to recover these costs through ongoing arbitration proceedings, with a hearing scheduled for early 2027.
More about GRP Ltd.
GRP Ltd. is a company incorporated in Singapore, operating with various subsidiaries. The company is involved in projects related to affordable housing, indicating a focus on the construction or real estate industry.
Average Trading Volume: 51,561
Technical Sentiment Signal: Sell
Current Market Cap: S$10.45M
See more data about BLU stock on TipRanks’ Stock Analysis page.