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Holista Colltech Faces $1.09 Million Legal Cost Claim from ASIC

Story Highlights
  • Holista Colltech Limited is a leader in health and wellness solutions, offering innovative products like dietary supplements and low-GI food ingredients.
  • The company is reviewing a $1.09 million legal cost claim from ASIC, which may affect its financial and operational strategies.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Holista Colltech Faces $1.09 Million Legal Cost Claim from ASIC

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Holista Colltech Limited ( (AU:HCT) ) just unveiled an announcement.

Holista Colltech Limited has received a notice from the Australian Securities and Investments Commission (ASIC) seeking recovery of legal costs amounting to approximately $1.09 million following Federal Court proceedings. The company is currently reviewing the notice and evaluating its options regarding the claim, with further updates to be provided as necessary. This development may impact Holista’s financial obligations and necessitates careful consideration of its legal and operational strategies.

The most recent analyst rating on (AU:HCT) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Holista Colltech Limited stock, see the AU:HCT Stock Forecast page.

More about Holista Colltech Limited

Holista Colltech Limited is a Perth-based company listed on the Australian Securities Exchange, specializing in health and wellness solutions. It operates across four core business divisions: Dietary Supplements, Healthy Food Ingredients, Ovine Collagen, and Infection Control Solutions. The company is known for its market-leading nutritional supplements, patented low-GI food ingredients, premium ovine collagen, and all-natural sanitizers, reflecting its commitment to combining nature and science for healthier lifestyles.

Average Trading Volume: 72,932

Technical Sentiment Signal: Buy

Current Market Cap: A$32M

For an in-depth examination of HCT stock, go to TipRanks’ Overview page.

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