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LY Corp. Ltd. ( (SG:1H8) ) has issued an update.
LY Corporation Limited has initiated legal proceedings through its subsidiary, Leyo Holdings Sdn Bhd, against Synergy House Furniture Sdn Bhd and its contractors for breach of agreements and intellectual property infringement. The company is seeking repayment of RM2.9 million in outstanding royalties and has filed for an injunction to prevent further infringement. Despite the legal actions, LY Corporation anticipates no material financial impact for the year ending December 2025 and expects business operations to continue unaffected.
More about LY Corp. Ltd.
LY Corporation Limited, incorporated in Singapore, operates in the furniture industry and focuses on manufacturing and distributing furniture products through its subsidiaries.
Average Trading Volume: 21,342
Technical Sentiment Signal: Sell
Current Market Cap: S$26.89M
See more insights into 1H8 stock on TipRanks’ Stock Analysis page.