MiLOC Group Limited - UPDATE ON DISTRIBUTOR DISPUTE
RNS Number : 7581Y
MiLOC Group Limited
08 September 2022
 

8 September 2022

 

MiLOC GROUP LIMITED

("MiLOC" or "the Company")

 

UPDATE ON DISTRIBUTOR DISPUTE

 

MiLOC Group Limited (NEX: ML.P), the AQSE Growth Market quoted company, informs that its subsidiary, Star Collaboration (Guangzhou) Limited ("Star C") has received the final result from another Civil Judgement that Star C has to return an amount of approximately GBP166,000 (equivalent to approximately RMB1,500,000) to one of its distributors. The Company is currently negotiating with the distributor regarding the payment terms. A further announcement will be made in due course. This announcement is further to the announcements of 30 April 2021 and 3 December 2021.

 

The directors of the Company accept responsibility for the contents of this announcement.

 

For further information, please contact:-

 

MiLOC

ONG Ban Poh Michael - Chief Executive Officer

Lilian Lo - Acting Chief Financial Officer

 

 

 

 

Tel: +852 2110 4221

 

AQSE Growth Market Corporate Adviser

PETERHOUSE CAPITAL LIMITED

Guy Miller

Mark Anwyl

Tel: +44 (0) 20 7469 0930





 

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