ZICO Holdings Inc. (SG:40W) has released an update.
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ZICO Holdings Inc. has announced that its subsidiary, ZICO RMC, is facing a legal challenge with Eco-Brite Pte. Ltd. claiming a debt repayment of S$630,000 plus interest. ZICO RMC disputes the claim and is actively seeking legal advice to mount a defense. The company reassures that the ongoing litigation will not materially impact its financial position or business operations.
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