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MAINBOARD-LISTED utilities player Renaissance United and its indirect subsidiary Capri Investments are being sued by a company in the US for a total of US$2.8 million.
The US company, Sawyer Falls Co, claims it is owed US$404,214 by Capri under a promissory note dated July 22, 2002 and interest accruing at 8 per cent per month totalling, as at Nov 30, 2020, a sum of US$2.4 million.
Sawyer Falls also claims it is entitled to an unquantified amount, to be proven at trial, arising from an obligation allegedly agreed to be performed by Capri to develop Renaissance United' s land project in the US (known as the Falling Water Development project) for the benefit of Sawyer Falls.
Renaissance United said on Tuesday that it believes that the claims made in the legal suit are " without merit" and are " fatally flawed on various substantive and procedural grounds" .
Long to enjoy.... no fear..
Renaissance United warns of half-year net loss
MAINBOARD-LISTED utilities player Renaissance United on Monday said it expects to report a net loss for its half-year ended Oct 31.
This is mainly due to the impact of foreign currency translations on the group' s foreign-currency denominated subsidiaries, based on a preliminary review of the draft financial results for H1 FY2021.
The results will be released by Dec 15.
Isolator, you want to recommend people to long annica too? 😂
Isolator ( Date: 14-Dec-2020 16:20) Posted:
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Mr Iso, still asking all to long? Profit warning.
https://links.sgx.com/FileOpen/RUL%20Profit%20Warning%2020201214.ashx?App=Announcement& FileID=642333
https://links.sgx.com/FileOpen/RUL%20Profit%20Warning%2020201214.ashx?App=Announcement& FileID=642333
Isolator ( Date: 14-Dec-2020 16:20) Posted:
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Long now..... you will enjoy....
Remember to long.....
Take it easy... once magic touch on... no stopping.... long to enjoy...
The counter that can give u at least 50x... long to enjoy..
I recommended having this stock in your portfolio will definitely become the home run counter... long to enjoy...
No fear... long and you will enjoy...
0.3 wall very thick +150 mil.
When say long just long.... you will not regret.... long to enjoy....
This counter is now like the casino for speculators and in-house traders to churn large trades and profit on margins. The ongoing $8.2 million claim may be the straw that breaks this camel back!🤣
Long to enjoy...
lol didn't realise you are still alive after your portfolio of blumont, asiasons, liongold, ipco, innopac, isr, etc. bought from 2013
Isolator ( Date: 01-Dec-2020 10:43) Posted:
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As high as you can imagine... long to enjoy...
Remember to long.... and you will enjoy..
yes!
Isolator ( Date: 30-Nov-2020 15:37) Posted:
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No fear.... long.... and enjoy...