Meta Health Limited Initiates Legal Action Over Gainhealth Acquisition
Meta Health Limited has initiated legal action in Singapore’s High Court against former executives and a business associate over the Gainhealth acquisition. The company claims breaches of duties and unlawful conspiracy, seeking damages of approximately S$7.3 million. The financial impact on the current fiscal year is uncertain. Meta Health operates in the healthcare sector, providing health-related services and products, with a current market cap of S$10.56 million.
Meta Health Limited ( (SG:5DX) ) just unveiled an update.
Meta Health Limited has initiated legal proceedings in Singapore’s High Court against several former executives and a business associate related to the acquisition of Gainhealth Pte. Ltd. The company alleges breaches of contractual, statutory, and common law duties, as well as unlawful conspiracy, resulting in financial and reputational losses. Meta Health is seeking damages of approximately S$7.3 million and other remedies, though the financial impact on the current fiscal year remains uncertain.
More about Meta Health Limited
Meta Health Limited, incorporated in Singapore, operates in the healthcare industry and focuses on providing health-related services and products. The company is involved in various healthcare operations through its subsidiaries.
Technical Sentiment Signal: Sell
Current Market Cap: S$10.56M
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