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    PET — Phoslock Environmental Technologies News Story

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    Brief: Phoslock Environmental Technologies Secures Settlement To All Outstanding Receivables Involving A Former Customer & Related Party In China

    Picture of Phoslock Environmental Technologies logoPhoslock Environmental Technologies
    10/01/2022 06:20
    Jan 10 (Reuters) - Phoslock Environmental Technologies:
    * SECURED SETTLEMENT IN RELATION TO ALL OUTSTANDING
RECEIVABLES
INVOLVING A FORMER CUSTOMER AND RELATED PARTY IN CHINA
    * SETTLEMENT SETTLES ALL ARBITRATION/COURT CASES INITIATED
BY PET
OR BHZQ AGAINST ONE ANOTHER
    * PROCEEDINGS WILL BE WITHDRAWN IN COMING DAYS
    * UNDER SETTLEMENT, BEIJING BHZQ ENVIRONMENTAL ENGINEERING
TECHNOLOGY  IS REQUIRED TO PAY PET ABOUT A$1.8 MILLION

Source text for Eikon:  ID:nASXbqYGRj 
Further company coverage:  PET.AX 

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

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