MTT Group Holdings Limited (HK:2350) has released an update.
MTT Group Holdings Limited has settled a legal dispute over cartel involvement by its subsidiary, Multisoft, with the Hong Kong government, agreeing to pay over HK$1.34 million in penalties and costs. The settlement requires Multisoft to implement a competition compliance program, although the parent company was unaware of the misconduct and has not experienced significant financial impact. MTT Group advises shareholders and potential investors to trade cautiously.
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