Brief: Mog Says Received Demand Letter From Supplier Requesting Recall Of Products Supplied By It To Group

MOG Digitech Holdings

07/09/2022 14:01

Sept 7 (Reuters) - MOG Holdings  1942.HK :
    * RECEIVED A DEMAND LETTER FROM SUPPLIER REQUESTING RECALL
OF
PRODUCTS SUPPLIED BY IT TO GROUP
    * IN DEMAND LETTER SUPPLIER REQUESTED A CLAIM ON AN UNPAID
NON-REFUNDABLE DEPOSIT IN AMOUNT OF RMB15 MILLION
    * IT IS ANTICIPATED THAT GROUP WILL RECOGNISE A FURTHER LOSS
IN
AMOUNT OF RMB15 MILLION AFTER TAKING INTO ACCOUNT CLAIMS
    * DISRUPTION BY COVID-19 MAY ADVERSELY AFFECT FINANCIAL
RESULTS OF
GROUP FOR SIX MONTHS

Further company coverage:  1942.HK 

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