FINWIRES · TerminalLIVE
FINWIRES

Mary Chia's Shares Plunge 12% as Unit Commences Legal Proceedings Against Fullink

-- Mary Chia (SGX:5OX) said its subsidiary, Organica International, has initiated legal proceedings against Fullink Capital in the General Division of the Singapore High Court, according to a Wednesday filing with the Singapore Exchange.

The move follows the company's subsidiary receiving a statutory demand from Fullink, seeking around SG$902,640 tied to loans extended to Organica.

Organica's originating application seeks declaratory relief from the enforceability of certain components of the claimed amount.

Mary Chia shares plummet 12% in recent trade.

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