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Regal International Group Limited ( (SG:UV1) ) just unveiled an announcement.
Regal International Group Limited announced that its subsidiary, Harbour Venture Sdn Bhd, has mutually agreed with the landowner to rescind the Development Rights Agreement for a parcel of land in Bintulu, Sarawak, Malaysia. The rescission, due to lack of necessary approvals from authorities, is not expected to materially impact the company’s financials for the year ended December 2019, and does not involve any interests from directors or substantial shareholders.
More about Regal International Group Limited
Regal International Group Limited operates in the real estate industry, focusing on property development and investment. The company, along with its subsidiaries, engages in various projects, particularly in Malaysia, where it aims to capitalize on growth opportunities in the region’s industrial and residential sectors.
Current Market Cap: S$25.87M
See more data about UV1 stock on TipRanks’ Stock Analysis page.