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Ryde Group Ltd disclosed an early-stage Cayman shareholder petition seeking a fair-value buyout or winding-up, and a putative U.S. securities class action. No liquidator has been appointed; operations are unaffected, and the company plans to defend the U.S. case.
Ryde Group Ltd said it is providing an update on a proceeding in the Grand Court of the Cayman Islands and a securities class action filed in the US District Court for the Southern District of the United States.