Ourgame International Holdings Ltd (HK:6899) has released an update.
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Ourgame International Holdings Ltd is embroiled in legal disputes, including an arbitration initiated by former CEO Mr. Frank Ng for alleged breach of employment contracts, leading to a counterclaim by the company for potential breaches of fiduciary duties. The company is also cooperating with Hong Kong police to investigate offenses related to a loan and is pursuing recovery of debts from Spoville Co., Ltd., with trading of its shares on the Hong Kong Stock Exchange suspended until regulatory compliance issues are resolved.
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