Singapore High Court Dismisses Injunction Filed Against Zico Capital

MT Newswires09-24 14:46

Zico (SGX:40W) said the Singapore High Court on Sept. 7 dismissed an injunction filed against its subsidiary ZICO Capital by Advanced Systems Automation (SGX:WJ9), according to a Wednesday filing to the Singapore stock exchange.

The High Court has ordered the claimant to pay costs of SG$18,000 to ZICO Capital.

The lawsuit is in relation to the professional fees claimed by Zico for the company's acquisition of LSO Organization.

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