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Singapore Paincare Holdings Limited ( (SG:FRQ) ) just unveiled an update.
Singapore Paincare Holdings Limited has received letters of claim from Ms Lim Seow Yuen, alleging that she is owed between S$350,000 to S$450,000 for services provided in 2020 based on promises made by the company’s CEO, Dr Lee Mun Kam Bernard. Dr Lee denies these allegations, stating that any financial arrangements with Ms Lim were personal and not on behalf of the company. He has agreed to indemnify the company for the claimed sums, should Ms Lim pursue legal action. The board does not consider the claims material, given the nature and quantum of the allegations.
More about Singapore Paincare Holdings Limited
Singapore Paincare Holdings Limited operates in the healthcare industry, focusing on providing pain management services. The company, along with its subsidiaries, offers a range of treatments aimed at alleviating pain for patients, positioning itself as a key player in the pain management sector in Singapore.
Average Trading Volume: 863,578
Technical Sentiment Signal: Buy
Current Market Cap: S$28.56M
Learn more about FRQ stock on TipRanks’ Stock Analysis page.