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The latest announcement is out from Vibrant Group Ltd ( (SG:BIP) ).
Vibrant Group Limited, along with its subsidiaries, has announced the conclusion of a significant legal proceeding in the High Court of Singapore. The court ruled that Peng Yuguo and Tong Chi Ho James are liable for deceit in the company’s acquisition of Blackgold Group. As compensation, the court awarded Vibrant Group substantial sums, including the acquisition price, legal fees, audit costs, and travel expenses, all accruing interest. This judgment could bolster the company’s financial standing and offer a resolution to longstanding legal disputes, which might affect shareholder confidence.
More about Vibrant Group Ltd
YTD Price Performance: -19.48%
Average Trading Volume: 116,735
Technical Sentiment Consensus Rating: Hold
Current Market Cap: S$42.93M
See more insights into BIP stock on TipRanks’ Stock Analysis page.