Epsilon Healthcare Initiates Legal Proceedings Against Former Director

Epsilon Healthcare Limited ( (AU:EPN) ) just unveiled an update.

Epsilon Healthcare Limited has initiated legal proceedings in the NSW Supreme Court against its former Director and Chairman, Josh (Xiao) Cui, and Watercrest Capital Pty Ltd, a company solely directed by Cui. The case involves agreements and payments made by Epsilon to Watercrest and other parties, identified during a comprehensive review of the company’s affairs prior to its administration in December 2023. This legal action could have significant implications for Epsilon’s governance and financial transparency.

More about Epsilon Healthcare Limited

Epsilon Healthcare Limited (ASX: EPN) is an Australian-based, globally active healthcare organization. The company operates a diversified and vertically integrated portfolio of assets, including healthcare and clinic operations, pharmaceutical contract development and manufacturing, as well as pharmacy dispensing and information services.

Technical Sentiment Signal: Sell

Current Market Cap: A$7.21M

For an in-depth examination of EPN stock, go to TipRanks’ Stock Analysis page.