Fu Yu Files Defense Against Evertree's Arbitration Claim

MT Newswires

2024-09-27

Fu Yu (SGX:F13), a precision engineering manufacturer, has provided an update regarding a letter of demand received by its unit, Fu Yu Supply Chain Solutions, related to a claim from Evertree, according to a Thursday filing on the Singapore Exchange.

The company said its legal counsel, Rajah & Tann Singapore LLP, has filed a defense response to Evertree's notice of arbitration with the Singapore International Arbitration Centre.

Fu Yu plans to contest Evertree's claim, which it deems as unmerited.

Price (SGD): S$0.13, Change: S$-0.0010, Percent Change: -0.79%

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