QAF Ltd. (SG:Q01) has released an update.
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QAF Limited has announced a final settlement of approximately RM97 million (S$29.9 million) under its insurance policy due to flooding damage at its Malaysian bakery factory. The company has received the last insurance payment of RM22 million (S$6.4 million), which will be recorded as an exceptional gain in its financial results for the second half of 2024. The total insurance compensation received by QAF Limited for the incident amounts to RM131 million (S$39.8 million).
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