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Aspial Corporation Limited ( (SG:A30) ) has provided an announcement.
Aspial Corporation Limited’s subsidiary, WCL (QLD) Albert St Pty Ltd, is initiating legal proceedings in the Supreme Court of Queensland against the State of Queensland and the Registrar of Titles. The claim seeks compensation for losses incurred due to errors in land title registration, which impacted a planned development project in Brisbane. Despite the significant claim amount, Aspial anticipates no material financial impact on the Group for the year ending December 2025, and advises shareholders to exercise caution.
More about Aspial Corporation Limited
Aspial Corporation Limited, incorporated in Singapore, operates as a diversified group with interests in various sectors, including real estate development.
Average Trading Volume: 978,066
Technical Sentiment Signal: Buy
Current Market Cap: S$234.5M
For detailed information about A30 stock, go to TipRanks’ Stock Analysis page.