Correction: LY Corp. Unit Receives Demand Letter Over Royalty Payments

MT Newswires

2024-11-19

(Corrects the company name, ticker, and associated symbol to LY Corp. (SGX:1H8) in the headline and first paragraph)

LY Corp. (SGX:1H8) said its 51%-owned subsidiary, Leyo Holdings, received a demand letter from Synergy House Furniture for a royalty payment of 823,395 ringgit.

Additionally, LY Corp. unit LY Furniture 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, according to a Monday filing on the Singapore Exchange.

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Unit Receives Demand Letter Over Royalty Payments\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2024-11-19 19:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> (Corrects the company name, ticker, and associated symbol to LY Corp. (SGX:1H8) in the headline and first paragraph)</p><p>LY Corp. 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