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The latest update is out from Nera Telecommunications Ltd ( (SG:N01) ).
Nera Telecommunications Ltd has provided updates on ongoing legal proceedings involving its subsidiary, Nera (Thailand) Limited, and ABN Infinity Service (Thailand) Co., Ltd. The Appeal Court has held ABN and its directors liable for a bounced cheque, with a final appeal pending in the Supreme Court. A second bounced cheque resulted in a verdict against ABN, with no further appeals filed. Additionally, a charge against Nera (Thailand) Limited by ABN was dismissed due to non-attendance by ABN’s directors. These developments could impact Nera’s legal standing and financial obligations in Thailand.
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 telecommunication solutions and services.
Average Trading Volume: 95,486
Technical Sentiment Signal: Buy
Current Market Cap: S$32.93M
Find detailed analytics on N01 stock on TipRanks’ Stock Analysis page.