MiLOC Group Limited - UPDATE ON DISTRIBUTOR DISPUTE

CRUSHMETRIC

08/09/2022 09:57

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RNS Number : 7581Y  MiLOC Group Limited  08 September 2022

8 September 2022

 

MiLOC GROUP LIMITED

("MiLOC" or "the Company")

 

UPDATE ON DISTRIBUTOR DISPUTE

 

MiLOC Group Limited (NEX: ML.P), the AQSE Growth Market quoted company,
informs that its subsidiary, Star Collaboration (Guangzhou) Limited ("Star C")
has received the final result from another Civil Judgement that Star C has to
return an amount of approximately GBP166,000 (equivalent to approximately
RMB1,500,000) to one of its distributors. The Company is currently negotiating
with the distributor regarding the payment terms. A further announcement will
be made in due course. This announcement is further to the announcements of
30 April 2021 and 3 December 2021.

 

The directors of the Company accept responsibility for the contents of this
announcement.

 

For further information, please contact:-

 

 MiLOC

 ONG Ban Poh Michael - Chief Executive Officer

 Lilian Lo - Acting Chief Financial Officer      Tel: +852 2110 4221

 AQSE Growth Market Corporate Adviser            Tel: +44 (0) 20 7469 0930

 PETERHOUSE CAPITAL LIMITED

 Guy Miller

 Mark Anwyl

 

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