Salutica Responds Question After Share Plunges By 36%

Salutica Berhad obtained an uncommon market exercise inquiry from Bursa Securities after the corporate’s share plunged over 36% on Friday dropping from 0.42 to 0.25.

In response, the corporate stated it might be attributed to an earlier announcement on the group’s subsidiary Salutica Allied Options Sdn Bhd authorized swimsuit towards Apple Malaysia Sdn Bhd the place the Courtroom had dismissed the corporate’s swimsuit and allowed the counterclaim towards it with a price of RM1.2 million to be paid to Apple Malaysia Sdn. Bhd.

Salutica stated it made a direct announcement of the Courtroom’s determination on 17 January 2025 on the identical day through the afternoon window interval for bulletins.

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