OIO Holdings Ltd. (SG:KUX) has released an update.
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OIO Holdings Limited has announced the successful conclusion of a legal dispute involving the company’s former Executive Chairman, Mr. Fan Chee Seng, over alleged wrongful termination. Mr. Fan has complied with the court’s decision by paying approximately S$12,000 in costs and has not filed an appeal. The company confirms that this legal matter will not materially impact its financial results for the year.
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