Lincotrade & Associates Holdings Limited (SG:BFT) has released an update.
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Lincotrade & Associates Holdings Limited is facing a legal challenge from Ternary Centennial Pte. Ltd., which demands shares or a payout equivalent to 5% of the company’s total enlarged share capital. This claim arises from a previous agreement involving the company’s subsidiary, which Ternary Centennial alleges has not been honored. Lincotrade disputes the merit of these allegations and is consulting with legal advisors to address the situation.
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