National Storage Mechanism | Additional information
RNS Number : 2770X
MiLOC Group Limited
30 April 2021
 

30 April 2021

 

MiLOC GROUP LIMITED

("MiLOC" or "the Company")

 

DISTRIBUTOR DISPUTE

 

The Company announces that one of its subsidiaries, Star Collaboration (Guangzhou) Limited ("Star C"), has entered into legal proceedings with one of its distributors where approximately GBP166,000 (equivalent to approximately RMB1,500,000) of sales under the strategic cooperation sales agreement is in dispute with Star C in relation to unit price of product per item.

 

The Company will make a further announcement in due course.

 

 

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

   Ronnie CHOI - 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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