Capital World Limited: Supplementary Announcement on Receipt of Notice of Demand
Capital World Limited Issues Supplementary Announcement on Notice of Demand
Key Points:
- Capital World Limited has provided an important update regarding its receipt of a notice of demand from a legal firm acting for a purchaser, Nandagopalan A/L S.M. Samy.
- The notice of demand concerns the purchaser’s acquisition of a service suite unit within the company’s Capital City development.
- As of 1 December 2025, the company confirms that there have been no further developments pertaining to this matter since the initial announcement on 9 October 2025.
Details for Investors
This supplementary announcement serves as a status update following the company’s earlier disclosure regarding a legal notice received in relation to a property transaction within its flagship development. The Board of Directors assures stakeholders that there has been no material change or advancement in the situation as of the latest reporting date.
The company has committed to keeping shareholders informed with further announcements should there be any significant changes, new developments, or material updates concerning this matter.
Important Information for Shareholders
-
Potential Price Sensitivity: While the latest update reports no further developments, the existence of a legal demand relating to a unit within the Capital City project could represent a risk factor, depending on the nature and outcome of the dispute. Should further announcements detail escalations or resolutions, the share price could be affected depending on the financial or reputational impact.
-
Recommended Shareholder Actions: The Board advises shareholders to read all company announcements thoroughly and to refrain from taking any action regarding their securities that could be prejudicial to their interests. Shareholders uncertain about their position or the implications of this legal demand are urged to seek advice from professional advisors, such as stockbrokers, bank managers, or solicitors.
Corporate Governance and Regulatory Review
This announcement has been reviewed by the company’s sponsor, RHT Capital Pte. Ltd., but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST). The SGX-ST assumes no responsibility for the content, accuracy, or opinions expressed within this document.
For further queries, the contact person for the sponsor is Mr. Josh Tan at 36 Robinson Road, #10-06 City House, Singapore 068877, or via email at [email protected].
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consider their own circumstances and seek professional advice before making any investment decisions. The information provided is based on the company’s public announcement as of 1 December 2025 and may be subject to change as new updates become available.
View Capital World Historical chart here