Mobvista, Inc. (HK:1860) has released an update.
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Mobvista Inc. has reached a settlement agreement regarding the acquisition dispute over Beijing Reyun Technology Co., Ltd, with the opposing vendors agreeing to a payment of approximately USD 21 million to resolve all claims. This settlement will terminate and discharge all obligations and rights under the initial acquisition agreement and subsequent arbitral award. Shareholders and potential investors are cautioned to exercise care when dealing in the company’s securities.
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