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An announcement from Tiong Seng Holdings Limited ( (SG:BFI) ) is now available.
Tiong Seng Holdings Limited announced the settlement of legal proceedings initiated by its subsidiary, Robin Village Development Pte. Ltd. (RVD), against its former Managing Director, Michael Seah, and associated parties. The lawsuit, which involved claims of business diversion and misuse of resources amounting to approximately S$3 million, was resolved with the defendants agreeing to pay S$2,750,000 to RVD, and the withdrawal of a counterclaim by the related company.
More about Tiong Seng Holdings Limited
Tiong Seng Holdings Limited is a company incorporated in Singapore, primarily involved in the construction and engineering industry. The company provides a range of construction services and solutions, focusing on infrastructure and building projects.
Average Trading Volume: 123,090
Technical Sentiment Signal: Sell
Current Market Cap: S$38.73M
See more insights into BFI stock on TipRanks’ Stock Analysis page.