LY Corp. Ltd. (SG:1H8) has released an update.
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LY Corporation Limited is facing potential legal challenges as it deals with a letter of demand from Synergy House Furniture regarding royalty payments and a claim against Xin Hwa Trading & Transport concerning missing inventories. While the company is assessing these claims and seeking legal advice, it assures that ongoing business operations will remain unaffected. However, there could be a significant impact on profits if the outcomes are unfavorable.
For further insights into SG:1H8 stock, check out TipRanks’ Stock Analysis page.