Looks like litigation underway in Malaysia. You can get more info by doing a web search. Then open the pdf titled 'Salutica Announcement on Nuheara suit'. Whilst the legal process could take months, a claim of approx AUD 2.6m could be the final straw. Through memory Nuheara moved their off shore manufacturing to Malaysia at about that time (2018).
Announcement Info
Company Name SALUTICA BERHAD Stock Name SALUTE Date Announced 25 Jun 2024 Category General Announcement for PLC Reference Number GA1-25062024-00011
Apologies for being the bearer of what appears to be more bad news.
Rokewa
Looks like litigation underway in Malaysia. You can get more...
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