BH Global Corporation Limited (SG:BQN) has released an update.
BH Global Corporation Limited’s subsidiary, Omnisense Systems USA, Inc., has been served with a civil summons and a complaint by SE Multimedia, LLC, claiming damages of $330,000 for an alleged breach of a Professional Sponsorship Agreement. BH Global is currently seeking legal advice on the matter and has committed to updating stakeholders as the situation develops. Shareholders and interested parties are advised to contact their professional advisers for guidance.
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