Brief: MOG Holdings Says It Received A Notice From A Customer Demanding Compensation

MOG Digitech Holdings

12/08/2022 16:20

Aug 12 (Reuters) - MOG Holdings Ltd  1942.HK :
    * RECEIVED A NOTICE FROM A CUSTOMER DEMANDING COMPENSATION
IN
AMOUNT OF NOT LESS THAN RMB20 MILLION
    * RECEIVED NOTICE AS A RESULT OF A BREACH OF SALES CONTRACT
ON
PART OF GROUP
    * DUE TO UNEXPECTED LOCKDOWN MEASURES DELIVERY SCHEDULE HAD
BEEN
ADVERSELY AFFECTED AND GROUP WAS UNABLE TO DELIVE
    * DUE TO COMPENSATION, GROUP WILL RECOGNISE LOSS IN AMOUNT
OF NOT
LESS THAN RMB20 MILLION

Further company coverage:  1942.HK 

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