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Tritech Group Limited ( (SG:5G9) ) just unveiled an announcement.
Tritech Group Limited has initiated legal proceedings in the High Court of Singapore against Gao Liangyu and Wang Liang, alleging an unlawful conspiracy that led to financial losses due to unauthentic documents used in legal proceedings in China. The company seeks damages of S$12,405,832, claiming these actions impeded its ability to monetize its investment in Tritech Environmental Group Co. Ltd and recover loans. Additionally, Tritech received demand letters from the defendants for payment related to the Chinese proceedings, but the company considers these demands unmeritorious and has not faced any legal actions in Singapore.
More about Tritech Group Limited
Tritech Group Limited is a company incorporated in Singapore, operating with its subsidiaries in various sectors. The company is involved in environmental engineering, focusing on providing solutions and services related to environmental protection and sustainability.
Average Trading Volume: 3,311,852
Technical Sentiment Signal: Sell
Current Market Cap: S$11.82M
Learn more about 5G9 stock on TipRanks’ Stock Analysis page.