GCCP Resources Ltd. Fined for Permit Violation
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GCCP Resources Ltd. has been fined RM 40,000 by the Sessions Court in Ipoh for possessing 10,129 litres of diesel without a valid permit. The company, unaware of its expired permit, also forfeited diesel sale proceeds of RM 23,803.15. GCCP has since renewed its permit and enhanced internal controls, stating that the incident will not materially impact its financial position. Current market cap is S$6.13M, with a technical sentiment signal of 'Sell'.
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