主板上市的吉宝公司provided the update in a regulatory filing on Wednesday on its earlier application to the Singapore court for the injunction, and said it would provide further updates when there are material developments in the legal proceedings.
Keppel had disclosed that there were potential claims arising from disputes over the validity of certain foreign exchange fluctuations and cost escalation contractual formulas in a rig contract entered by the Keppel O&m entity.
$丰树泛亚商业信托 (N2IU.SG)$: DBS Group Research on Wednesday (Sep 14) called脉地亚洲商业信托(MPACT) an "opportunity not to be missed" as it expects the real estate investment trust (Reit) to be a beneficiary of further recovery when Hong Kong and China reopen.
The Asia-focused Reit is trading at a yield above 5 per cent, offering an attractive yield spread as the third-largest Singapore-listed Reit (S-Reit), DBS said in a report.
It has reinstated its coverage on the counter with a "buy" call and target price of S$2.30, implying a potential upside of 20.4 per cent on MPACT's last trading price of S$1.91 as at 4.08 pm on Wednesday. Its units were trading 1 per cent or S$0.02 lower at the time.