PropNex unit clears legal hurdle as claimants drop $586k lawsuit

Singapore Business Review
2026.04.27 02:23
portai
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PropNex Limited announced that claimants have withdrawn a $586,172 lawsuit against its subsidiary, PropNex Realty Pte. Ltd., which involved allegations of negligent misrepresentation and breach of duty of care in a property transaction. The company stated that this withdrawal will not materially affect its financial position or performance for the financial year ending December 31, 2026.