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Meta Health Limited Initiates Legal Action Over Gainhealth Acquisition

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Meta Health Limited Initiates Legal Action Over Gainhealth Acquisition

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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

See more data about 5DX stock on TipRanks’ Stock Analysis page.

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