HS Optimus Holdings Initiates Arbitration for Unpaid Balance

HS Optimus Holdings Limited (SG:504) has released an update.

HS Optimus Holdings Limited has initiated arbitration proceedings against BJTJ Industrial Co., Limited for the outstanding payment of $0.351 million, which is the remaining 5% of the sale consideration from a previous capital assignment agreement. The company does not anticipate that this action will materially affect its financial position and advises shareholders to consult their advisors when dealing with the company’s securities.

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