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Sanli Environmental Ltd. ( (SG:1E3) ) has shared an announcement.
Sanli Environmental Limited has disclosed that its subsidiary Sanli M&E Engineering Pte. Ltd. received a letter from a major customer on 31 December 2025 regarding the imposition of liquidated damages for delays in completing certain phases of a project awarded during the COVID-19 period. The subsidiary has already submitted applications for extensions of time, which are still under assessment, and no liquidated damages have yet been agreed, leaving the financial impact on the Group uncertain. The board characterised the extension-of-time process as part of normal contractual administration for such projects but cautioned shareholders and potential investors to be careful when dealing in the company’s shares until there is greater clarity on the outcome, promising further announcements when material developments arise.
More about Sanli Environmental Ltd.
Sanli Environmental Limited operates in the environmental engineering sector through its wholly owned subsidiary Sanli M&E Engineering Pte. Ltd., focusing on mechanical and electrical engineering projects for water and environmental infrastructure. The Group’s work typically involves complex, multi-phase contracts with major institutional and industrial customers in Singapore and the region.
Average Trading Volume: 3,345,942
Technical Sentiment Signal: Buy
Current Market Cap: S$117.9M
See more insights into 1E3 stock on TipRanks’ Stock Analysis page.