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ValueMax Group Ltd. ( (SG:T6I) ) has issued an update.
ValueMax Group has disclosed that its wholly owned subsidiary, ValueMax Retail Pte Ltd, is being sued in the Singapore High Court by Louis Vuitton Malletier for alleged trademark infringement and passing off, relating to a gold charm and a pair of gold earrings said to have been sold or offered for sale at one of its stores. The company maintains that the items in question were unredeemed pawned goods obtained through separate sources, says it will vigorously defend the claims at every legal stage, regrets that the dispute could not be resolved amicably, and asserts that, based on current facts, the case is not expected to have a material impact on the group’s business or its financial statements for the year ending 31 December 2025, while committing to provide further updates on any material developments.
The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.
More about ValueMax Group Ltd.
ValueMax Group Limited operates a network of pawnshops and retail outlets in Singapore through subsidiaries including ValueMax Retail Pte Ltd, dealing in pawned and pre-owned jewellery and related items acquired from various sources.
Average Trading Volume: 333,261
Technical Sentiment Signal: Buy
Current Market Cap: S$916.6M
Learn more about T6I stock on TipRanks’ Stock Analysis page.