Brief: Addvalue Technologies Says Unit Commenced Arbitration Proceedings In Hong Kong Against Xepic Corporation
26/11/2024 24:25
Nov 26 (Reuters) - Addvalue Technologies Ltd AVAU.SI :
* UNIT COMMENCED ARBITRATION PROCEEDINGS IN HONG KONG
AGAINST
XEPIC CORPORATION
* ARBITRATION PROCEEDINGS NOT EXPECTED TO HAVE ANY MATERIAL
IMPACT
ON FINANCIAL POSITION OF CO
* ARBITRATION FOR AT LEAST $2.1 MILLION & DAMAGES FOR
WRONGFUL
TERMINATION OR REPUDIATION OF CONTRACTS, OTHERS
Further company coverage: AVAU.SI
((Reuters.Briefs@thomsonreuters.com;))
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