ZICO Holdings Inc. (SG:40W) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
ZICO Holdings Inc. has announced that its subsidiary, ZICO Trust, is facing litigation for allegedly mishandling funds of over S$12 million. The claim, filed in the High Court of Singapore, asserts that ZICO Trust and two unrelated defendants are jointly liable, which ZICO Trust firmly denies and intends to defend against. The company does not anticipate any significant financial impact from the lawsuit on its ongoing business operations or future prospects.
For further insights into SG:40W stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue