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Matex International Limited ( (SG:M15) ) has shared an announcement.
Matex International Limited, a company incorporated in Singapore, has announced a significant legal expenditure of S$518,942.41 incurred over a 10-week period related to shareholder requisitions, lawsuits, and a settlement agreement. This expenditure represents approximately 93.5% of the company’s gross profit for the first half of 2025 and 5.3% of its net assets as of June 30, 2025. The Board is currently assessing the financial impact and seeking legal advice on the reasonableness of these expenses.
More about Matex International Limited
Technical Sentiment Signal: Sell
Current Market Cap: S$11.35M
Learn more about M15 stock on TipRanks’ Stock Analysis page.