Mercurius Capital Investment Limited ( (SG:5RF) ) just unveiled an announcement.
Mercurius Capital Investment Limited announced that the Bangkok South Civil Court has issued a civil judgment against Grand Bay Hotel Co., Ltd., a 50%-owned joint venture, concerning a loan dispute with CS Property. The judgment requires repayment of the loan, and failure to comply could result in the auction of lands owned by Grand Bay Hotel. This development is expected to materially impact the financial position of Mercurius Capital Investment Limited, and the company is currently assessing the legal implications.
More about Mercurius Capital Investment Limited
Mercurius Capital Investment Limited, incorporated in Singapore, operates in the investment industry and is involved with various subsidiaries and joint ventures.
YTD Price Performance: -20.0%
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$22.29M
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