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An update from GRP Ltd. ( (SG:BLU) ) is now available.
GRP Limited has announced an update regarding its ongoing legal dispute with EESB. A Consent Order was recorded at the Ipoh High Court, leading to the discharge of a Mareva Injunction that had restricted Ratus Nautika from accessing a significant sum in its business account. The civil suit by EESB against Ratus Nautika’s directors will be discontinued, and the case is stayed pending arbitration. Ratus Nautika has issued a directive to segregate the disputed funds, maintaining its rights in ongoing adjudication proceedings.
More about GRP Ltd.
Average Trading Volume: 41,500
Technical Sentiment Signal: Sell
Current Market Cap: S$8.11M
Learn more about BLU stock on TipRanks’ Stock Analysis page.