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Luminor Financial Holdings Limited ( (SG:5UA) ) has shared an update.
Luminor Financial Holdings has provided an update on ongoing legal proceedings involving a debtor, KLP, related to financing facilities extended by its subsidiary SAPM. The High Court of Malaya in Kuala Lumpur ruled that the pre-factoring facility granted to KLP is unenforceable but upheld the enforceability of the factoring facility, and allowed restitution of RM9.44 million in principal sums advanced under the pre-factoring facility. SAPM has filed an appeal against the court’s decision, and the outstanding debt from KLP stands at approximately RM14.3 million, against which the Group has recognised an expected credit loss allowance of RM12.5 million and recovered RM1.8 million in October 2025. The company maintains that, given these provisions and recoveries, the case is not expected to have a material impact on its operations or financial performance for the year ending 31 December 2026, while advising shareholders and potential investors to exercise caution in trading its shares pending further developments.
More about Luminor Financial Holdings Limited
Luminor Financial Holdings Limited is a Singapore-incorporated financial services group that provides financing solutions through its subsidiaries, including facilities such as factoring and pre-factoring arrangements to corporate clients in the region.
Average Trading Volume: 109,862
Technical Sentiment Signal: Sell
Current Market Cap: S$8.37M
For a thorough assessment of 5UA stock, go to TipRanks’ Stock Analysis page.