Mary Chia Holdings Limited (SG:5OX) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Mary Chia Holdings Limited’s subsidiary, Mary Chia Beauty & Slimming Specialist Pte Ltd, settled a claim for unpaid salaries totaling S$27,432, owed to a former employee, with partial and delayed payments. The company managed the claim’s settlement over time due to strategic allocation of resources towards business ventures, ensuring ongoing operations and project support. Despite an internal oversight leading to delayed action, the company fulfilled its outstanding balance, adhering to its regulatory obligations for timely disclosure to shareholders.
For further insights into SG:5OX stock, check out TipRanks’ Stock Analysis page.