Pollux Properties Ltd. (SG:5AE) has released an update.
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Pollux Properties Ltd. has announced that its joint venture, Pollux Treasures Pte. Ltd., is facing a legal claim from Kian Huat Metal Pte. Ltd. over a property dispute involving a shop unit, with the claimant seeking over S$800,000. The company has deemed the financial impact of the claim to be immaterial to its net asset value and is currently defending against the claim while seeking legal advice. Investors are urged to exercise caution and stay informed by following company announcements regarding this matter.
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