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Medtecs Submits Debt Claim Amid Subsidiary’s Winding-Up Process

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Medtecs International Corporation Ltd. ( (SG:546) ) has shared an announcement.

Medtecs International Corporation Ltd. has submitted a proof of debt claim amounting to approximately US$29.9 million to the Liquidator as part of the winding-up process of its subsidiary, Resilient Medical. The financial impact of this court order on Medtecs’ assets and earnings per share is still being assessed, with further announcements to be made as developments occur.

More about Medtecs International Corporation Ltd.

Medtecs International Corporation Ltd. is a company incorporated in Bermuda, operating in the healthcare sector. It is involved in the production and distribution of medical supplies and personal protective equipment, with a focus on the Asian market.

YTD Price Performance: -5.71%

Average Trading Volume: 2,111,225

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$72.13M

For detailed information about 546 stock, go to TipRanks’ Stock Analysis page.

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