Quantum Healthcare Unit Receives Letter of Demand from Former Director Over Unpaid Fees
MT Newswires11-03
Quantum Healthcare (SGX:V8Y) subsidiary, QT Vascular, received a letter of demand from former director Sho Kian Hun for $120,000 in unpaid director's fees for fiscal 2019 and 2020, according to a Monday filing with the Singapore Exchange.
The letter demands full payment within 14 days to avoid legal proceedings.
The healthcare company says the claim is not expected to impact the disposal of the unit to EP Systems, with the purchaser having no legal basis to rescind or terminate the agreement over the claim.
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