PropNex Subsidiary Named in Lawsuit Over Alleged Breach of Duty

MT Newswires11-05

PropNex (SGX:OYY) subsidiary PropNex Realty was named as one of three co-defendants in a lawsuit filed in the Singaporean High Court, according to a Wednesday filing with the Singapore Exchange.

The claimants are seeking about SG$586,172 in damages over an alleged breach of duty.

PropNex said it is obtaining legal advice and intends to defend the suit.

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