Pollux Properties Ltd. (SG:5AE) has released an update.
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Pollux Properties Ltd. has announced that its subsidiary, Giorgio Residences Pte. Ltd., which had been previously struck off, is facing a legal claim for S$650,000 due to alleged defects in the Mayfair Residences development. Giorgio has been reinstated on the Register following a court order and the company is preparing to defend against the claim, which they believe will not materially impact their financial position or operations. Investors are urged to exercise caution when dealing with the company’s securities.
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