Far East Orchard Limited said on Jul, 20 2026 that six originating claims against its 20%-owned associate, FEOpus, will proceed to trial after the Court of Appeal of Singapore allowed an appeal by the test-case claimant on Jul, 17 2026.
The six claimants seek either equitable rescission of their sale-and-purchase agreements for six SBF Center units—requiring the return of about 20.29 million Singapore dollars—or, alternatively, damages under the Misrepresentation Act totaling roughly 6.09 million Singapore dollars, or unquantified damages in lieu of rescission.
Far East Orchard added that, because it holds a 20% effective interest in FEOpus, its maximum potential financial exposure is limited to the same proportion of any eventual liabilities, an amount the board does not expect to be material to the group’s financial position or operations.
Seven of the original 13 claimants have withdrawn their actions. The company said it will provide further updates on any significant developments in accordance with Singapore Exchange listing rules.