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Nera Telecommunications Subsidiary Reaches Settlement in Lease Dispute

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Nera Telecommunications Subsidiary Reaches Settlement in Lease Dispute

Nera Telecommunications Ltd ( (SG:N01) ) has shared an announcement.

Nera Telecommunications Ltd announced that its subsidiary, Nera Malaysia, has reached a settlement with Great One Coconut Products Industries regarding a lease agreement dispute. The settlement involves a payment of RM250,000, partially covered by a previous deposit, and is not expected to impact the company’s operations or financial metrics significantly.

More about Nera Telecommunications Ltd

Nera Telecommunications Ltd, incorporated in Singapore, operates in the telecommunications industry. The company, along with its subsidiaries, focuses on providing telecommunications solutions and services.

YTD Price Performance: -17.00%

Average Trading Volume: 85,188

Technical Sentiment Consensus Rating: Buy

Current Market Cap: S$30.04M

For detailed information about N01 stock, go to TipRanks’ Stock Analysis page.

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