Brief: Qlife Announces That Aidian Has Initiated Arbitration Proceedings Against Qlife

Qlife Holding AB

13/03/2023 21:19

March 13 (Reuters) - Qlife Holding AB  QLIFE.ST :
    * QLIFE ANNOUNCES THAT AIDIAN HAS INITIATED ARBITRATION
PROCEEDINGS AGAINST QLIFE
    * QLIFE HOLDING- QLIFE HOLDING INTERIM REPORT FOR Q4 2022
INCLUDED
MENTION OF A COUNTER CLAIM AGAINST DISTRIBUTOR (AIDIAN) UNDER
CONTINGENT ASSETS
    * QLIFE INTENDS TO DISPUTE CLAIM SINCE QLIFE HAS
COUNTERCLAIMS
EXCEEDING AIDIAN'S CLAIM.
    * QLIFE HOLDING - INTERIM REPORT FOR Q4 2022 INCLUDED AGED
ACCOUNTS PAYABLE OWED TO ADIDAN OY OF APPROXIMATELY EUR 0.8
MILLION UNDER SHORT TERM LIABILITIES

Source text for Eikon:  ID:nWkr5mkL05 
Further company coverage:  QLIFE.ST 

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