Brief: Boyaa Interactive International Updates On Employees' Case

Boyaa Interactive International

03/09/2021 15:38

Sept 3 (Reuters) - Boyaa Interactive International Ltd
 0434.HK :
    * UPDATE ON EMPLOYEES' CASE
    * APPEAL COURT MADE A DECISION TO QUASH JUDGMENT AND
REMANDED CASE
TO TRIAL COURT FOR A RETRIAL
    * FROZEN FUNDS INVOLVED OF RMB672 MILLION AS AT 30 JUNE 2021
WILL
REMAIN FROZEN
    * PRC COURT WILL NOT ORDER PAYMENT OF FROZEN SUM UNTIL FINAL
EFFECTIVE JUDGMENT IS HANDED DOWN BY PRC COURT
    * NOT AWARE THAT OTHER BANK ACCOUNTS HAD BEEN FROZEN BY
RELEVANT
PRC JUDICIAL AUTHORITIES DUE TO CASE


Further company coverage:  0434.HK 

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