A Judgement by default granted against Mrs. Cai Mengke and Himalaya Asset Management
Limited (declaring them controlling shareholders of the Company at the time the lawsuit
was filed)
Tel Aviv / Zurich, 19 October 2017 – SHL Telemedicine Ltd. (SIX Swiss Exchange: SHLTN,
OTCPK: SMDCY) (“SHL”), a leading provider and developer of advanced personal telemedicine
solutions, today announced that in the lawsuit filed in January 2017 by a group of
shareholders of the Company, represented by Yariv Alroy, against, inter alia, SHL and two of
its then major shareholders – Mrs. Cai Mengke, and Himalaya Asset Management Limited
(Himalaya) – on 18 October 2017, the Tel Aviv district court gave a judgement by default
against Mrs. Cai Mengke and Himalaya (i.e. following said parties’ failure to plead or
otherwise defend), thus declaring that said shareholders were controlling shareholders of the
Company at the time the lawsuit was filed (January 12, 2017). The lawsuit against the
Company was deleted with no expenses and the court further declared that the judgement
does not raise claims against resolutions adopted by the Company following said date.
For more information Click here
Alroy Lawsuit against the Company deleted by the Tel Aviv District Court
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