Brief: Biolidics Updates On Issuance Of Letter Of Demand To Sysmex

Embracing Future Holdings

05/11/2020 01:00

Nov 5 (Reuters) - Biolidics Ltd  BIOL.SI :
    * BIOLIDICS LIMITED UPDATE ON ISSUANCE OF LETTER OF DEMAND
TO
SYSMEX CORPORATION
    * RECEIVED LETTER THAT SYSMEX RAISED A COUNTERCLAIM AGAINST
CO
    * ISSUED NOTICE OF ARBITRATION UNDER ARBITRATION RULES OF
HONG
KONG INTERNATIONAL ARBITRATION CENTRE TO SYSMEX
    * OF VIEW THAT RESPONSE FAILS TO SATISFACTORILY
ADDRESS/COMPLY
WITH DEMANDS SET OUT BY CO IN LOD
    * CURRENTLY UNABLE TO QUANTIFY IMPACT OF SYSMEX'S POTENTIAL
BREACH
OF DEVELOPMENT AGREEMENT ON GROUP'S FINANCIAL PERFORMANCE IN
FY2020

Source text for Eikon:  ID:nSNZ9FKR29 
Further company coverage:  BIOL.SI 

 ((Reuters.Briefs@thomsonreuters.com;))