Fujikon Industrial Holdings Limited (HK:0927) has released an update.
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Fujikon Industrial Holdings Limited has resolved a quality issue with its headphones through a settlement agreement with a key customer, involving a $11.65 million cash payment and future engineering cost credits. Despite the settlement’s financial impact, Fujikon maintains a healthy business outlook and continues receiving orders from the customer. The company is still assessing the overall financial implications and awaits further developments regarding defective battery claims with its supplier.
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