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Sim Leisure Group Ltd. ( (SG:URR) ) just unveiled an update.
Sim Leisure Group Ltd. has announced the termination of its agreement with Bandar Malaysia Sdn. Bhd. regarding the development of an ESCAPE theme park in Kuala Lumpur, Malaysia. The termination follows a series of announcements and legal actions, culminating in a settlement agreement where Sim Leisure Escape accepted a compensation sum as a full and final settlement for the termination of the agreement. This development may impact the company’s operations and its positioning in the theme park industry, as it resolves a significant contractual dispute.
More about Sim Leisure Group Ltd.
Sim Leisure Group Ltd. is a company based in Singapore, specializing in the development, construction, operation, management, and maintenance of environmentally sustainable theme parks. The company operates through its subsidiaries, focusing on delivering unique leisure experiences.
Average Trading Volume: 15,318
Technical Sentiment Signal: Sell
Current Market Cap: S$105M
See more data about URR stock on TipRanks’ Stock Analysis page.