KUALA LUMPUR: Salutica Bhd
said a possible explanation for its sharp fall in share price could be the Kuala Lumpur High Court’s decision to dismiss a suit by the group’s subsidiary, Salutica Allied Solutions Sdn Bhd, against Apple Malaysia Sdn Bhd.
In a filing with Bursa Malaysia today, the company said that the court dismissed the suit on the morning of Jan 17, 2025, and allowed the counterclaim against its subsidiary, as well as RM1.2 million in cost, to be paid to Apple Malaysia by Salutica Allied.
