Brief: Serstech Repossesses Products From Indonesia

Serstech AB

16/01/2019 13:47

Jan 16 (Reuters) - Serstech AB  SERT.ST :
    * REG-SERSTECH AB: SERSTECH REPOSSESSES PRODUCTS FROM INDONESIA
    * NOW HAS REPOSSESSED PRODUCTS WITH A SALES VALUE OF MORE THAN 2 MSEK
    * VALUE OF REPOSSESSED PRODUCTS IS HIGHER THAN AMOUNT OWED BY IOS
    * AFTER A LEGAL PROCESS, SERSTECH NOW HAS REPOSSESSED PRODUCTS WITH A SALES VALUE OF MORE
THAN 2
MSEK
    * CANCELLED DEAL WITH INTERNATIONAL OUTSOURCING SERVICES (IOS) IN INDONESIA AND WROTE OFF
REMAINING PAYMENT DUE FOR DELIVERED PRODUCTS
    * VALUE OF REPOSSESSED PRODUCTS COVERS ALL COSTS SERSTECH HAS HAD RELATED TO MATTER

Source text for Eikon:  ID:nGNE68xQgY 
Further company coverage:  SERT.ST 

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