Lum Chang Holdings Limited (SG:L19) has released an update.
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Lum Chang Holdings Limited has informed stakeholders that Mr. Ong has been given an option to settle litigation through a composition fine, with a follow-up scheduled for July 9, 2024. Additionally, the company has announced that the legal proceedings involving its subsidiary LCBC will go to trial, promising to keep the market apprised of significant updates.
For further insights into SG:L19 stock, check out TipRanks’ Stock Analysis page.