Liongold (SG:A78) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Shen Yao Holdings Limited is facing a lawsuit in the High Court of Singapore filed by Golden Point Group Pty Ltd, alleging that former and current directors of the Claimant caused it to make unauthorized payments and enter into a disadvantageous management service agreement with Shen Yao, resulting in claims totaling over A$58 million. The Claimant, an Australian subsidiary of Shen Yao Holdings that operated a goldmine, is seeking repayment of these funds inclusive of interest.
For further insights into SG:A78 stock, check out TipRanks’ Stock Analysis page.