Fu Yuâs (SGX:F13) subsidiary, Fu Yu Supply Chain Solutions received a letter of demand from Evertree Hongkong that claims an aggregate sum of $925,774 as compensation of services rendered under a profit sharing agreement claim from Sept. 1, 2023, a filing with the Singapore Exchange said on Wednesday.
The company is seeking legal advice and assessing counterclaims.
Shares of the company were down nearly 2% in recent trading.
Price (SGD): S$0.13, Change: S$, Percent Change: -1.56%
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