Mary Chia Faces Insolvency Actions Amid Legal Dispute With Fullink Capital
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Mary Chia Holdings Limited is facing multiple insolvency proceedings due to a legal dispute with lender Fullink Capital. The company, along with its subsidiary and two executives, is seeking court declarations regarding the enforceability of Fullink's claims. They have warned investors about the uncertain financial impact and advised caution in trading shares. A case management conference is set for early May, and further updates will be provided as the situation develops. Mary Chia operates in the beauty and wellness sector in Singapore, with a current market cap of S$9.35M.
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