LY Unit Commences Legal Proceedings Over Alleged Intellectual Property Infringement

MT Newswires

2025/10/13

LY's (TYO:4689, SGX:1H8) subsidiary, Leyo Holdings, commenced legal proceedings against Synergy and its contractors, according to a Monday filing with the Singapore Exchange.

The legal action is linked to an alleged intellectual property right infringement, with Leyo seeking full repayment of outstanding royalty fees of around 2.9 million ringgit.

Meanwhile, the company and its subsidiary are preparing for the trial, which is expected to take place this year at a later date.

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