Capital World Faces Legal Demand Over Incomplete Development
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Capital World Ltd. has announced that its subsidiary, Capital City Property Sdn Bhd, received a demand letter from a purchaser regarding an incomplete service suite unit in the Capital City development. The purchaser is seeking rescission of the sale agreement and repayment due to an alleged breach of contract. The company is consulting legal counsel and advises shareholders to seek professional advice regarding their securities. Capital World Ltd. focuses on property development and has a current market cap of S$16.1M.
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