Boustead Projects, YCH reach settlement over lawsuit

This follows a lawsuit filed for an alleged breach of contract.

Boustead Projects Limited entered into a settlement with supply chain solutions company, YCH Holdings on 24 May, according to an SGX filing. The court granted leave to discontinue the suit on 1 June.

This follows YCH’s suit filed in 2018 against Boustead Projects for an alleged breach of its contractual obligations between 2012 and 2014 relating to development project Supply Chain City. YCH asked the court to assess damages amounting to $2.34m.

Boustead Projects said it will provide further updates in relation to the suit.

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