Vallianz Holdings Limited (SG:WPC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vallianz Holdings Limited faces a legal challenge as its subsidiary, Vallianz Offshore Marine, has been hit with a substantial counterclaim of over $8 million from Hilong Marine Engineering. This counterclaim arises from alleged deficiencies in the vessel Vallianz Supreme, which Hilong claims led to operational downtime. Despite previous agreements and extensions, Hilong has failed to settle an outstanding debt with Vallianz, prompting the ongoing legal dispute.
For further insights into SG:WPC stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money