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An announcement from Meta Health Limited ( (SG:5DX) ) is now available.
Meta Health Limited has announced a breach of a settlement agreement involving its subsidiaries, Gainhealth Pte. Ltd. and 5Digital Pte. Ltd., and former executives Dr. Vasanthan Metupalle and Mdm Jagannathan Padmaja Sakthi. The breach occurred when Dr. Vas and Mdm Sakthi failed to pay the second tranche of a settlement amount by the agreed deadline, prompting Meta Health to seek a bankruptcy order against Dr. Vas in the High Court of Singapore. This development could impact the company’s financial recovery efforts and its legal standing in ongoing disputes.
More about Meta Health Limited
Meta Health Limited is a company incorporated in Singapore, operating in the health sector with a focus on digital health solutions. Its primary services are delivered through its subsidiaries, Gainhealth Pte. Ltd. and 5Digital Pte. Ltd., which are involved in providing healthcare services and digital health platforms.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$7.92M
For detailed information about 5DX stock, go to TipRanks’ Stock Analysis page.