Powermatic Data Systems Limited announced it received a letter of demand on Sep, 25 2025 from lawyers acting for former chief executive officer Jason Tao Ping, who is claiming 89,928 Restricted Stock Unit shares that he says are due following his involuntary resignation. His employment with the company ended on Jun, 30 2025.
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The company said it is assessing the claim in consultation with its legal advisers and will provide further updates when there are material developments.
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