Universe Entertainment and Culture Group Company Limited (HK:1046) has released an update.
Universe Entertainment and Culture Group Limited triumphed in court against SoftMedx Healthcare Limited, with the High Court of Hong Kong dismissing the appeal and awarding the company a significant sum in outstanding loans and interest. The Court also ruled in favor of Universe Entertainment by striking out a counterclaim and ordering costs to be paid to the company and its associates. This legal victory secures the company’s claim of over HK$16 million, reinforcing its financial position and signaling a robust defense against allegations of misrepresentation.
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