Propnex says lawsuit against unit for alleged salesperson misconduct withdrawn
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PropNex announced that a lawsuit against its subsidiary, PropNex Realty, for alleged misconduct has been withdrawn. The lawsuit was initially filed in February 2022, seeking damages related to the actions of a salesperson. PropNex stated that the claimant has discontinued the case, and there is no material impact on the company's financial position for the year ending December 31, 2025. The company's stock closed at S$1.90, reflecting a 1.1% increase prior to the announcement.
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