Vibrant Group Ltd (SG:BIP) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Vibrant Group Limited’s subsidiary, Crystal Freight Services, is embroiled in a legal dispute with I-Land Industrial Park Holding over a debt recovery claim and a counterclaim regarding service-related issues. While Crystal Freight seeks to recover S$43,489.02 for services rendered, I-Land has countered for S$195,714.43 citing losses from late cargo delivery. The company has been advised the counterclaim has little merit and the outcome is not expected to materially impact Vibrant Group.
For further insights into SG:BIP stock, check out TipRanks’ Stock Analysis page.