July 13 (Reuters) - Next Generation Satellite Communications Ltd NEXT.SI :
* Update on legal action against neo telemedia limited) NEXT.SI
* Says on 7 July 2016, neo also filed an application for stay of execution of the order
* Arch capital and hillgo Asia limited served a statutory demand on neo telemedia on 29 June
* Statutory demand requiring neo to pay the sum of hk$144 million
* Source text for Eikon ID:nSNZ5qSPf4
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