RGM Media Limited (ASX: RGM) announced that an injunction has been granted in Singapore concerning a claim against its Singaporean subsidiary. The claim involves a third party seeking the refund of contributed funds, with the order restricting the disposal of assets by the subsidiary.Although the injunction has not been formally served, RGM Media has decided to comply with its terms while conducting a thorough investigation into the claims. Importantly, this legal matter does not involve RGM Media directly and does not affect its operations or those of its subsidiaries.
The company remains committed to maintaining transparency and has assured stakeholders that updates will be provided as new information becomes available. This incident does not impact the ongoing business activities of RGM Media, ensuring continuity and stability in its operations.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.