Lincotrade & Associates (SGX:BFT) received a demand from Ternary Centennial to issue shares under a 2021 agreement with a unit, according to a Wednesday filing on the Singapore Exchange.
Ternary claims it has fulfilled its obligations and seeks either the issuance of 5% of the subsidiary's enlarged share capital or SG$1.8 million in payment.
Lincotrade denies the claim, stating all services were fully paid for and is consulting legal advisors.
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