LY Subsidiary Receives Demand Letter Over Royalty Payments

MT Newswires Live

2024/11/19

LY (TYO:4689) said its 51%-owned subsidiary, Leyo Holdings, received a letter of demand from Synergy House Furniture for a royalty payment of 823,395 ringgit, according to a Monday filing on the Singapore Exchange.

The demand pertains to payments made up to the date of the letter.

Additionally, LY Corporation's subsidiary, LY Furniture, has initiated a claim against Xin Hwa Trading & Transport for missing inventory valued at $78,889, held in a Xin Hwa warehouse. Xin Hwa has countered with a claim for 311,501 ringgit in outstanding warehousing fees.

Price (JPY): $406.40, Change: $-1.3, Percent Change: -0.32%

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Xin Hwa has countered with a claim for 311,501 ringgit in outstanding warehousing fees.</p><p>Price (JPY): $406.40, Change: $-1.3, Percent Change: -0.32%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6505","symbol_name":"周期性消费品与消费者服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2484363789","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484363789","pubTimestamp":1731973636,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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