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PropNex Ltd. ( (SG:OYY) ) just unveiled an announcement.
PropNex Limited announced that its subsidiary, PropNex Realty Pte. Ltd., is involved in a lawsuit filed in the High Court of Singapore. The lawsuit alleges a breach of duty of care and negligent misrepresentation by one of its salespersons, with claimants seeking damages of S$586,172. The company is seeking legal advice and plans to defend itself vigorously, while stating that the lawsuit is unlikely to materially affect its financial position for the year ending December 2025. The announcement is part of PropNex’s commitment to good corporate governance.
The most recent analyst rating on (SG:OYY) stock is a Hold with a S$2.50 price target. To see the full list of analyst forecasts on PropNex Ltd. stock, see the SG:OYY Stock Forecast page.
More about PropNex Ltd.
PropNex Ltd. is a company incorporated in Singapore, operating in the real estate industry. It provides property-related services through its subsidiaries, with a focus on realty transactions and advisory.
Average Trading Volume: 1,996,735
Technical Sentiment Signal: Buy
Current Market Cap: S$1.71B
See more insights into OYY stock on TipRanks’ Stock Analysis page.