PropNex Subsidiary Faces Legal Action

MT Newswires

02-24

PropNex (SGX:OYY) wholly owned subsidiary, PropNex Realty, is one of three co-defendants in a law suit filed in the high court of Singapore, according to a filing with the Singapore Exchange on Saturday.

The legal actions stems from claims against the subsidiary for alleged breach of duty of care owed to the claimant who is seeking around SG$849,287 in damages.

The company is currently seeking legal advice and has decided to defend the suit.

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