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Matex International Concludes Lawsuits, Trading Suspension Continues

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Matex International Concludes Lawsuits, Trading Suspension Continues

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An announcement from Matex International Limited ( (SG:M15) ) is now available.

Matex International Limited, a company incorporated in Singapore, announced the discontinuance of two lawsuits, OA 733 and OA 790, following a court hearing and judgment. The court indicated that an injunction against the Subscription Agreements would have been granted if OA 733 had not been discontinued due to non-compliance with the company’s constitution. The trading suspension of the company’s securities remains in effect, and stakeholders are advised to stay informed through future announcements.

More about Matex International Limited

Average Trading Volume: 1,025,800

Technical Sentiment Signal: Sell

Current Market Cap: S$11.35M

See more insights into M15 stock on TipRanks’ Stock Analysis page.

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