Shuangyun Holdings (01706) announced that on August 22, 2023, the company's board of directors noticed that on August 21, 2023, RHB Bank Berhad filed in the High Court of Singapore with regard to Samco Civil Engineering Pte, a wholly-owned subsidiary of the company. Ltd. A lawsuit against Samco was filed against Samco for not paying an outstanding amount of SG$2,567,400 due. The High Court of Singapore has set the date of the first hearing to be September 15, 2023.
The company delayed publishing the interim results and sending the interim report for the six months ended June 30, 2023.
At the company's request, trading of the company's shares has been suspended on the Stock Exchange since 9:00 a.m. on August 23, 2023.