Brief: Ioupay Ltd Updates On Legal Action By Clee Capital

Ovanti

22/03/2023 01:23

March 22 (Reuters) - Ioupay Ltd  IOU.AX :
    * LEGAL ACTION BY CLEE CAPITAL
    * HAS BEEN SERVED WITH LEGAL PROCEEDINGS IN FEDERAL COURT OF
AUSTRALIA BY CLEE CAPITAL PTY LTD
    * ORDERS SOUGHT BY CLEE CAPITAL, IF GRANTED, WOULD PROHIBIT
CO
FROM OBTAINING A LOAN OR ANY OTHER CAPITAL INJECTION
    * CLEE CAPITAL SEEKS APPOINTMENT OF AN INDEPENDENT
INVESTIGATOR
INTO FINANCIAL AFFAIRS OF CO
    * CLEE CAPITAL SEEKS ORDERS FOR CO BE RESTRAINED FROM MAKING
ANY
PAYMENTS, AMONG OTHERS

Source text for Eikon:  ID:nASX5hZDqv 
Further company coverage:  IOU.AX 

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