PET phoslock environmental technologies limited
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Jan 10 (Reuters) - Phoslock Environmental Technologies: SECURED...

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    10/01/22
    17:25
    Post #: 58757603

    Jan 10 (Reuters) - Phoslock Environmental Technologies:

    • SECURED SETTLEMENT IN RELATION TO ALL OUTSTANDING RECEIVABLES INVOLVING A FORMER CUSTOMER AND RELATED PARTY IN CHINA
    • SETTLEMENT SETTLES ALL ARBITRATION/COURT CASES INITIATED BY PET OR BHZQ AGAINST ONE ANOTHER
    • PROCEEDINGS WILL BE WITHDRAWN IN COMING DAYS
    • UNDER SETTLEMENT, BEIJING BHZQ ENVIRONMENTAL ENGINEERING TECHNOLOGY IS REQUIRED TO PAY PET ABOUT A$1.8 MILLION
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