IOUpay Limited (AU:OVT) has released an update.
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Ovanti Ltd is embroiled in multi-jurisdictional litigation, actively pursuing the recovery of over A$22.4 million from alleged misappropriations and transfers by former directors and associates. The company is in ongoing settlement talks, rejecting offers deemed too low, and remains committed to updating the market on the progress of these legal matters. The financial technology firm continues to offer digital commerce software solutions and services amidst these legal proceedings.
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